US Stock In Play: $MDB (MongoDB Inc)
MDB broken out of a double bottom chart pattern from $325, general trend resumption price action behavior, rallying +17.36% within a week. MDB is currently close at $380, its 3 months high.With
MDB current implied volatility remaining 40% away from its peak of 226/DAY that was set in March 2021, MDB remains in traction to recapture its all time high of $428 at its current price action momentum that is defying general market weaknesses.MDB provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services, such as consulting and training.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.