MongoDB Turning Acount?CITI posted that some 20 growth stocks might be a good opportunity. I like the nice bounce today; pretty good volume. Possible 60 points to reach the first resistance.
MDB trade ideas
MongoBD Bullish trendEntry Point:
A prudent entry strategy for MongoDB (MDB) involves waiting for the price to test the established trend line. By doing so, you aim to confirm the resilience of the bullish trend and enhance the likelihood of a profitable trade.
Stop Loss (SL):
To manage risk effectively, consider setting your Stop Loss order at the level of the last bearish candle. This approach safeguards your investment by limiting potential losses in case the market takes an unexpected downturn.
Take Profit Targets:
TP1 (Take Profit 1): 359
TP1 represents the first potential profit-taking level. When the price reaches this point, it might be a wise decision to secure some profits. This level aligns with a modest gain and helps lock in gains early, reducing exposure to market fluctuations.
TP2 (Take Profit 2): 380
TP2 signifies a more ambitious target for potential gains. If the price continues to rise after TP1 is reached, consider taking further profits or closely monitoring the situation to make informed decisions on whether to extend your position or secure additional gains.
MDB MongoDB Options Ahead of EarningsIf you haven`t bought MDB here:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 400usd strike price in the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $35.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Big Drop for Big DataInitial target is 300 by end of August
Goal Target 176 by end of September
AI is just a buzzword for statistics, don't get wrapped into the hype.
MDBMDB
4 hours chart
I see that the corrective wave has been completed. It is important not to break the red line
Short MDB for a target of 360?Broke the trendline but the price is still hanging in there... I think this is also a good time to short for a target of 360. Looking at the overall market condition/weakness... might be good risk reward to the downside
$MDB Failed Breakout Reset SetupNASDAQ:MDB looking like a failed breakout rest setup heading into early next week.
Volume pattern since earning powered gap up has been exceptional increasing the odds of the stock continuing its march into higher grounds.
MDB MONGODB INCAfter the report, there was a significant upward gap followed by a period of consolidation known as a classic sideways movement or a range-bound market. Typically, when a breakout occurs from such a consolidation phase, it often indicates the formation of a sustained trend in the direction of the breakout.
TP1 430 TP2 457
SL 363
Target for MDB: 450$Mongo DB (MDB) Seems to breakout out of the 400$ region. If this breakout stands, our next target will be 450$. When trading Stocks we always have the overall markets in mind (sp500, Nasdaq). For now both markets are bullish, so we can look at a nice rally for MDB
MDB Earning Play SetupNASDAQ:MDB Nice and Tight after its earning gap up on June 2nd. Its been consolidating gains very constructively increasing probability for momentum continuation to the upside.
Makes it to primary list for early next week.
MDB: You're better off investing in Mangos... MDB looks terrible longterm. Traders may be able to earn a nice return trading the B-Wave bounce, but longterm buy and holders should stay FAR away.
MDB MongoDB Options Ahead of EarningsLooking at the MDB MongoDB options chain ahead of earnings , I would buy the $250 strike price Calls with
2023-6-16 expiration date for about
$23.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
MDB Long - break of downtrend A better SQL. Solid earnings and fundamentals. Breaking out of downtrend after tight consolidation. LONG SWING
Breakdown from Expanding TriangleFor MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28.
From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May. However, my point target is 189 - if it holds there, probably a good place to take profits because it will need to test low 200s for rejection before continuing down to 170s.
There has been distribution since Feb. going into the expanding triangle - very volatile here but very tradable.
$MDB - bull and bear thesisNASDAQ:MDB
Weekly timeframe
* Using the disjoint channel tool, price has closed above the channel for 2 weeks in a row with big wicks, to me it's obvious it's going to $278.67 before anything, if anything
Bull: A continuous close above $232, $278.67 is next
Bear: A continuous close below $232, $190 is next
MDB - will it break out or break down?NASDAQ:MDB #MDB Looks interesting. Breaking above $243 would be bullish and could send the stock to $280 - $320 range. Downside risk is $200.
Looking like ppl are bullish again on software and cloud companies.
Low 200s incoming Target 203
Needs to test 176 mid term before making higher highs, will see if this down momentum will cause continuation to 170s
Look for small bounce in 203-208 range and then possibly 189 from there.
If that fails it will continue to 170s
All set to hit 350-380?Looks like it wants to retest 350-380. It should stay above 195 on a weekly basis.
$MDB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $MDB after a negative over reaction following its earnings release placing the stock in drift C .
About to break down - Early callPrice has formed a bearish flag. Is not confirmed yet but it could open with a gap down at any day and I don't want to jump in too late. I just opened short position and I'll wait.
Broke the flag - Update of previous tradePrice just broke the bearish flag, we may see a retest that would be an opportunity to add to my short position.
Future of MongoDBAs a programmer and investor, I was surprised to find out that MongoDB is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability.
Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see why someone scared of losing money would discard of their positions in a company which still hasn't turned a profit.
It's most definitely a risky buy, yet it's future seems prosperous. With so many businesses going online and offloading all their archaic systems in favor of new technologies, the need for database providers is on the rise. I don't recommend betting to much on the company, but missing this opportunity would be quite a miss.
