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.
M1DB34 trade ideas
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.
Feed the BeastInitial Target is 256 by mid Feb.
- After initial target expect pullback to test support around 237 by end of March 2023
- If 237 holds it will markup to 365, filling gap at 321 in the process
- Bottom is in
Yours Truly,
Leaked Database
P.S. Feed the Beast
$MDB: Very interesting setup, weekly+daily trends are upThis one has potential to be an extremely powerful move if we don't get some unexpected bearish shock after FOMC this week. Certainly worth a shot considering the weekly and daily trends are up here, and stop is rather tight just under $197.86 when upside is potentially up to $300 over time.
Best of luck!
Cheers,
Ivan Labrie.
bully on mongo data basesif u know what this software is for you should already be thinking to long. if we have a bull market or some type of "recovery" this one will pop. gl guys.
$MDB 1-28-2023Initial charting of $MDB with a candle close above supply zone. Added what are the next levels we could hit if this trend continues.
$MDB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MDB after a Positive over reaction following its earnings release placing the stock in drift B.
seeing MDB head and shoulder pattern in weekly charts seeing MDB head and shoulder pattern in weekly charts NASDAQ:MDB
NASDAQ:MDB
MongoDB MDB FILL the GAP If you've been following the setups and levels given, then you SHOULD BE at least feeling BETTER these days about your positions etc.
Now lets look to fill this current gap and then debate if you TP (take profits) AGAIN or ride this into the close and roll the dice on Monday open.
IF you want to roll the dice, at least be out of bed and into the premarket for trimming early morning pump before pullback as they often do. Giving you the SAME risk as you'll already be taking BUT with chance and opportunity for DOUBLE dipping the gains on the move.
MongoDB MDB looking STRONGER than most.I'm really liking the setups on this chart; I had a brief worry after closing yesterday and getting the pullback in the SPX and the overall Bearish thesis caused briefly by Amazon and Google and Microsoft selling off after hours. Also, I couldn't help being slightly worried by the small gap in the chart. However, that gap was filled and bought back up in a really healthy and systematic manner this morning and IMO setting this stock up to possibly outperform many others during this giant squeeze that's fueling the markets.
I'll post later the higher time frame look at this and it gets rather BULLISH looking.
MDB weekly frame (121 support on 1/9/24)alternative count.....
more bullish count in the short term and the final c towards 121
MDB weekly frame (83 support on 5/16/23)bearish count towards 83 like previous count
will provide the alternative count to this
