No one shorts Mdb and lives to tell it's tale.lol, honestly, I don't even dare to short mdb.
However if i were to start a position, it would be at $150 because the latest analyst pt was around $150s, and the RSi is just so high already, it's gotta reset a bit.
But if there's one stock that doesn't give a shit about the market condition, or spy. that would be MDB.
Literally the only stock to be buying the fucking dip.
Short at $150.
stoploss $151
take profit $147.
M1DB34 trade ideas
High probability BREAKOUT!!!NASDAQ:MDB is showing a lot of strength. If it tests the resistance, pulls back and goes back up, just like drawn on the chart, then buy as a swing trade above 81.93, with a stop at 79.90; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then I wouldn't chase it.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
POSSIBLE 20% GAIN ON MDB- FOLLOW SETUPAS we can see, we may be getting a third wave rise after the retracement which would result in a price range between the 2 green horizontal lines- this could result in a +/- 20% ROI in a relatively short amount of time.
OF COURSE, this setup can *easily* be invalided because the company only recently IPO'd and wave analysis is hard, but this one is turning out to look good. I wouldn't enter to try and buy the third wave until we get a great validation entry on a short time frame or a catalyst that allows you to enter in a well timed fashion and favorable RR.
FOLLOW THIS FOR UPDATES! I will be updating as the market plays out.
Where I'd like to pick up some MDB shares$MDB is a great company and I like the technology (I'm a software developer). Although I think with today's candle closing near the low, a potential gap down is in the books that could trap people that bought yesterday. So there's a potential to make money with puts or shorting the stock if that gap down does occur. Would be a gap and go.
For at least a couple months, my plan is to initiate a position with shares at each of the three ovals.