MDB trade ideas
MDB: Daily chart signal, good entry into a huge monthly trendI like $MDB here, offers low risk, and tremendous upside if the market indeed bottomed. Over time it may reach as high as $271 per share, currently trading at 153.85. Risk is a fall under $140, so reward to risk is quite good for us here.
I'll be looking at entering after the market opens, at the best possible time. Stay tuned...
Cheers,
Ivan Labrie.
MongoDB Inc short term trend reversal NASDAQ:MDB is currently overbought and chart and indicator shows divergence. Also chart has retraced down below Fib 0.618 level and it has breached the support level (which previously acted as resistance). It's possible that chart will go down further below until marked support level.
MDB looking for longsGood earnings, revenue and forecast. got an upgrade to $160..... but also one for $78 which im ignoring:). if it can push and hold above $144 (Premarket high) if should be able to get to $147 then possible $151
Currently above all the main DMAs. ill be looking for longs on any pullback. or if it holds PM highs
of course it could just sink.....:) we''ll see
MDB SHORT RED CANDLES DOWN TO $133??I get MDB has a "buy signal" but it also has red candles. Earnings are due out on the 9th or 13th depending on who you listen to MDB's early prediction or yahoo finance along with CNBC. All media is saying MDB is will be hurting during earnings. Today alone MDB went down over $11.00 per share. Go short for sure.
Short MDB - 1D TFI have set an order open a short today on $MDB. Friday's price broke DC20 and is below MA20 (recently broke) on daily. RSI is bearish. Weekly closed below DC20.
TP TBD - major supports at 95.3, 62.3, 32.35 or by using trailing stop to be driven by DC20 on daily (if prices closes above DC20). The same applies for SL.
RSI is bearish.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
