M1DB34 trade ideas
MongoDB is pulling back! $MDBIt is pulling back after several attempt to Fib 0.786. $148.66 is a strong support.
MDB strong support at 138.39, keep watching this levelMDB strong support at 138.39, if breaks next target is 134.5
MDB: Daily chart signal, good entry into a huge monthly trendI like $MDB here, offers low risk, and tremendous upside if the market indeed bottomed. Over time it may reach as high as $271 per share, currently trading at 153.85. Risk is a fall under $140, so reward to risk is quite good for us here.
I'll be looking at entering after the market opens, at the best possible time. Stay tuned...
Cheers,
Ivan Labrie.
Bearish Engulfing at resistance areaMongoDB formed a Bearish Engulfing confirming the resistance area above!
Mongodb Inc New closing High
Possible entry level $179
Target price $199
Stop loss $170
Ladder in as back-test possible.
Earnings approaching
Golden cross complete
Indicators bullish
MongoDB Inc short term trend reversal NASDAQ:MDB is currently overbought and chart and indicator shows divergence. Also chart has retraced down below Fib 0.618 level and it has breached the support level (which previously acted as resistance). It's possible that chart will go down further below until marked support level.
Inside dayright after breakout, already in calls but this can be played tomorrow. If it comes down look for trendline retest. Or look for breakout over Friday's HOD
MDB looking for longsGood earnings, revenue and forecast. got an upgrade to $160..... but also one for $78 which im ignoring:). if it can push and hold above $144 (Premarket high) if should be able to get to $147 then possible $151
Currently above all the main DMAs. ill be looking for longs on any pullback. or if it holds PM highs
of course it could just sink.....:) we''ll see
MDB SHORT RED CANDLES DOWN TO $133??I get MDB has a "buy signal" but it also has red candles. Earnings are due out on the 9th or 13th depending on who you listen to MDB's early prediction or yahoo finance along with CNBC. All media is saying MDB is will be hurting during earnings. Today alone MDB went down over $11.00 per share. Go short for sure.
MDB channelBeen watching this one for a bit. Should already be in calls but was in other setups. Today it rejected the 100sma on daily now near the channel top. Watch for a breakout over that or get it on a retest of the channel after breakout.
MDB with Heiken Ashi & Resistance indicate to touch 135135 may hit as a high and may settle around 133
MDB - trade setupOk found another little beauty.. If we break this entry line I like 2 exits on here. The last exit is the 100MA on the weekly chart. We are trading the fear of people that bought up in here.. Enjoy
***Buy Opportunity!!Buy above 138.85 level. This trigger price would get us above the 50day MA, which is hang right above the current price.
Short!!Great bounce today, but it has all the key MA's above and will surely find some strong resistance and break back down.
Short MDB - 1D TFI have set an order open a short today on $MDB. Friday's price broke DC20 and is below MA20 (recently broke) on daily. RSI is bearish. Weekly closed below DC20.
TP TBD - major supports at 95.3, 62.3, 32.35 or by using trailing stop to be driven by DC20 on daily (if prices closes above DC20). The same applies for SL.
RSI is bearish.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
MDB Long idea (short term)MDB is in at the bottom of its downward channel. Buy here below $118 and sell towards the top of the channel $126-129. I will add short as it reaches to the top of the channel. This stock can be pretty volatile so maintain stop losses, as always. Good luck.
