0KKZ trade ideas
MDB has work to doConsidered MDB to be in a spot of bother a little bit ago... it slipped but regained it's 200 day SMA - which is very good - however it's still got a fair bit of work to do. It's regained it's uptrend line from last spring but faces resistance zones and the downtrend line that's started all this to beat. This stock is still in quite a precarious position so proceeding with caution.
What many people have waited for on MDBGreat company, partnerships will only grow and central to the crypto space etc. Early apple.
200 MA on this one usually means bargains and whilst the revenues were down, whose wasnt?
Sure its had a good run and perhaps 618 deeper retraces.
But long term, 1-2 yrs this ones on sale.
Here is catching knife territory, but like the candle and maybe a 38.2 golden retrace trampoline.
Oscillators is where im bullish in particular. Divergance evident on both and therefore not a bad area even for a short term trader.
Fundamentals are excellent. I think this is just covid fallout. If anything shouldnt tank with a crash, its this one.
A nice DCA here to start and watch is a good strategy.
MDB - Not looking so good.I see a bounce near term to 316 then 343 which would coincide with the top of the ichimoku cloud on the daily, but long term daily trend is pointing downwards. I expect a retracement down to 282 first, then 265. Daily candle also closed under the cloud with decent volume for the first time since covid crash which are very bearish signs.
$MDB with a projected bullish outlook The PEAD projected a bullish outlook following $MDB earning release with a negative over reaction after earning release with the PEAD placing the stock in Drift C
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Dec 6-11 watchlist - AMD CHWY LULU MDB AMD on break out watch for all time highs. CHWY - ER tuesday after hours, the retail space has been killing ER's. LULU - Retail sector again, All the girls stuck at home buying more legings, lol. MDB - SaaS sector , dont hold thru earnings, play the run up. Also, Door dash ipo is wednesday. Good Luck!
$MDB Watch List - $MDB MongoDB Rated New Outperform at FBN on Market-Share Potential; PT $260. IBD has changed market outlook to "Market in Correction." I'd be very cautious on any new entries to the long side right now. However, if this one holds up and moves higher and the market conditions change it may be at least worthy of your watch list. Ideas, Not investing / trading advice.