MDBIt looks like in big ascending triangle. This gonna blast hopefully buying pressure come soon. 400+ and then 500+ can be expected in upcoming years. ROR good
MDB trade ideas
Time to Enter MDB Again?On Thursday afternoon, the King Trading Momentum Strategy signaled alongside eleven other alerts that day, followed by five more on Friday. This activity doesn’t exactly scream “bearish” to me, but the market has a way of keeping you on your toes! With markets once again approaching all-time highs, I’ve been treading cautiously. My positions have been limited to just a few, with low allocation sizes in TNA, ADBE, PYPL, and XYZ.
When I looked at MongoDB (MDB), I found myself wondering why it was hammered after posting a double beat on earnings and providing decent guidance. It turns out the recent drop was primarily driven by the announcement that Michael Gordon, MongoDB's Chief Operating Officer and Chief Financial Officer, will be stepping down on January 31, 2025. Is this reaction overblown? After all, the company delivered a strong earnings report.
That said, MDB seems to have planted its bull flag in the ground. Even if this news creates headwinds, there’s a possibility it could retrace back to the 38% Fibonacci level. Even if the broader market eventually pulls MDB lower, this setup suggests an 8% potential upside, and I’ve set an initial take profit at 5% with a 3% stop loss. If this can hit the take profit, I will sell half to protect the trade and then set a trailing stop loss of 1.5% on the remainder, trying to sell of much of it as possible on the way up!
Unless Monday brings a complete washout due to fears surrounding the Fed meeting on Wednesday or the PCE data on Friday, I’ll likely use the typical morning volatility as an opportunity to enter this trade. Let’s see how this one plays out!
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! MDB and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).
MongooooNASDAQ:MDB looking for a potential breakout, with good AI tailwinds across the sector...
targets: 290, 300
Scaling Up?MongoDB is showing strong bullish momentum, with a gap forming around the $163.00 level. A breakout above the $297.68 daily resistance would confirm continued strength, positioning the stock to target the $439.39 resistance. This trade setup offers an excellent risk-to-reward ratio, with a stop-loss set at $207.65 to manage downside risk.
As a leader in modern database solutions, MongoDB is well-positioned to capitalize on the growing demand for flexible, scalable, and cloud-native data management. The company’s strong developer adoption, innovative product offerings, and focus on operational efficiency make it a key player in the digital transformation era.
For a detailed breakdown of this trade, check out my YouTube video, where I dive deeper into the technical analysis and fundamentals driving this setup.
With its combination of technical momentum and robust market fundamentals, MDB offers a compelling opportunity for traders and investors aiming for $439.39.
NASDAQ:MDB
$MDB on Long Longer Timeframe looks pretty deliciousNever financial advice. Just offering perspective.
Its overall a clean setup for higher timeframes, a run back to all time highs. Lower timeframes point to a similar picture. On the Monthly, there is no bearish imbalances above until 385.86-399.88 . On the Weekly we clear 246.51-319.48 , bearish imbalance hanging above. Its possible to see a revisit to 162.53-189.88, I would say this is about 35% probable. This is more likely, if we lose 234.09.
Lastly, on the Daily. 221.50-223.22 is a bullish imbalance, that we could revisit. I personally see the lower moves as low probability but not off the table. It would be encouraging for bulls to get a close above 242.67, today.
Be aware that this analysis is on a higher timeframe of a Yearly perspective and may take time to develop.
I'll keep this post updated. :)
MDB: Daily Base Breakout with Clear Risk/Reward SetupANALYSIS:
MDB has formed a potential base after the December earnings gap down. Key technical factors align for a swing trade opportunity:
SETUP:
Base formation between 236-246 with increased volume
Clear breakout level with volume confirmation
Well-defined risk parameters with support at 238
ENTRY: 246
STOP: 238 (8 points risk)
TARGETS:
1️⃣ 254 (1R - Initial scale)
2️⃣ 265-267 (Primary target - major resistance zone)
3️⃣ 298+ (Extended target - aggressive)
TRADE MANAGEMENT:
Scale 1/3 at 1R (+8), move stop to entry
Scale 1/3 at primary target
Trail remaining position using 4H uptrend line
RISKS:
Weekly downtrend still intact
Unfilled earnings gap above
Resistance at December consolidation zone (270-280)
Always use proper position sizing and adapt the plan to your own risk management rules.
MDB - Scary Pullback Or Give UpNow THIS is a heck of a scary pullback!
But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in.
Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over.
The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing upwards, while the orange Pullback-Fork has a level of Support at the Center-Line.
All in all, it's a nice Long for me.
12/9/24 - $mdb - Tough to own >$300. Gl but sidelines.12/9/24 :: VROCKSTAR :: NASDAQ:MDB
Tough to own >$300. Gl but sidelines.
- Over 10x sales for ~20% top line growth? profitability climbing, but not in the way a 25-30% grower would do. TL;DR here is you need a growth SPIKE to really re-rate this thing.
- options chain pricing in quite a dramatic move. while i've gotten semi-smacked lately shorting, (though today came thru big time that allowed me to resize my PLTR and SG nicely), i'm totally fine to watch this out.
- my semi database related name is NASDAQ:BASE rn, which just reported a decent q but where stock got smacked close to what i think is close to take out value. that's hard enough to own (even tho it's smaller). so gawd bless if you're in this thing, but i'll just have to root from the sidelines.
- playing some octane on the NYSE:UBER , NASDAQ:OKTA and NASDAQ:BASE fronts... just added some NASDAQ:GAMB today. all of which i think offer MUCH better risk/reward and/or cash gen than high flying stuff like $MDB.
So gl. But i can't ride with you here b/c i'm not even sure i'd buy it lower. You can be sure i'll consider shorting an outsized 20-25% pump tho if/does happen. let's see.
V
MDB to watch listMongoDB building up higher lows. No signal yet, but as soon the volume are rising and we are above $300 the potential for further highs is good. Watch out for the upcoming report in a couple of weeks.
MDB - +20% upside with a 1:2 RRGreat industry
Strong Earnings in the last 6 quarters.
Growth potential
And undervalued by 20-30% at least
MDB Soars on NoSQL CloudsMongoDB (MDB) is building strong bullish momentum, with a gap forming at the $260.00 level. A breakout above the $320 weekly resistance could set the stage for MDB to reach the next major target at $435. With an attractive 3.66 risk-to-reward ratio, this trade offers a compelling opportunity for investors, while a stop-loss at $232 ensures manageable risk.
As businesses increasingly adopt cloud-native and NoSQL databases, MongoDB’s innovative platform has positioned it at the forefront of this growing industry. Its Atlas cloud solution continues to drive revenue growth and customer adoption, supporting both short-term momentum and long-term prospects.
With both technical and fundamental tailwinds, MDB has the potential to sustain its upward trajectory, making $435 a realistic target in the coming weeks.
This version includes a more precise narrative, blending technical and fundamental aspects. Let me know if you’d like any additional changes!
MDB - Primed to take offMDB completed Wave 2 and at the beginning of Wave 3 ( Already up 27pts though)
But not too late yet.
Long anywhere here and have some wiggle room for the stop loss.
Stop Loss - 233
Target 1 - 300
Target 2 - 350
Target 3 - 380
MDB Long Idea, to be or not to be..This technical setup revolves around a post-earnings gap fill, with the price testing and holding just under the monthly fair value gap. Monday's daily close shows a small bullish candle with a tight spread, suggesting potential strength. The broader XLK tech ETF remains solid, having endured a 2-day sell-off but is now looking to break above the $229 level this week. Apple (AAPL), a leader in the tech sector, showed strength on Monday, and this could mark the start of the next upward leg, especially considering that XLK broke the prior daily pivot at $226.96 last week.
Adding more conviction to a long-biased trade, the IGV (iShares Expanded Tech-Software Sector ETF) is also performing well, hovering just a few points below a new all-time high and consolidating within a tight range. This flat-top pattern signals a healthy correction and potential for further upside.
The trade setup involves entering on a break of the high of the day at $270.86, with a stop loss placed at the pivot low of $265.90. Targets include $275.21 (a weekly FVG level), $284.96 (a weekly pivot level), and $300 (the current 52-week high resistance/pivot).
$MDB - Long or not?NASDAQ:MDB MongoDB's ER is tomorrow, and it should be quite interesting. The market isn’t very fond of the software sector right now, but a good earnings report could push the stock to the $260 area.
It’s quite tempting to go long.
Classic Bull Flag into a Cup and HandleThe Bull Flag worked great looking for confirmation of Cup and Handle, possibly to the 50MA
$MDBMongoDB ( NASDAQ:MDB ) is an under-the-radar gem. Software/SaaS/Cloud stocks are set to explode, and MongoDB ( NASDAQ:MDB ) is the sleeper to watch. While everyone is focused on NASDAQ:CRWD a nd NASDAQ:PANW , MongoDB is poised for a huge move, once it surpasses the $285 mark and gains broader market attention.
Mongo DB Gap Fill to UpsideMongoDB has currently seen a big downtrend and is approaching a gap which can be filled.
MDBI am tracking a potential 1-2 fractal, that can be almost completed at this point. Watch for key fibo retracement levels and the possible base channel (the lower border). One of the recent market leaders, severely hit with some of other players this year.
MongoDB Stock Plunges 23.85% On Weak GuidanceMongoDB shares ( NASDAQ:MDB ) fell more than 20% in premarket trading on Friday due to weak guidance from the company. The document-oriented database provider, which makes money by selling add-on features and support for its open-source document-oriented database, guided fiscal second-quarter adjusted earnings of between 46 cents and 49 cents per share, well below analysts' forecasts of 58 cents a share. It projects net sales in the period of $460.0 million to $464.0 million, also below the $470.4 million Street estimate. MongoDB ( NASDAQ:MDB ) now expects full-year adjusted earnings per share of between $2.15 and $2.30, compared with previous guidance of $2.27 to $2.49. The company pegs revenue at between $1.88 billion and $1.90 billion, versus a previous forecast of between $1.90 billion and $1.93 billion.
The weak outlook follows light guidance from other enterprise software companies, such as Salesforce, UiPath, and Workday, as corporate customers spend more cautiously amid an uncertain economic environment. For the first fiscal quarter ending April 30, the company reported adjusted earnings of 51 cents per share on revenue of $450.6 million. Analysts had expected earnings of 40 cents a share on sales of $439.7 million.
MongoDB shares ( NASDAQ:MDB ) have continued to move lower since a bull trap pattern appeared on the chart in mid-February. Recently, the 50-day moving average (MA) crossed below the 200-day MA to form a bearish death cross, with the price breaking down below the lower trendline of a multi-month trading range on Wednesday accompanied by the highest share turnover in a single day since early March.
MDB - Inverse Head and Shoulders on Daily time frameMDB seems to be forming inverse H&S shoulder on the daily time frame.
with < 360 as Stop loss, expecting the below targets
Target 1 380
Target 2 390
Target 3 400
It Happens All The Time - MDB set to reverse bigThis video is an extension of my recent post MDB - bullish "Mar 22 calls will print"
I sent an update with that idea that I have been adding this morning, but didn't explain why. So in this video I explain why MDB is about to reverse big.
I compare the setup to NVDA back in Nov 2023, hope this makes sense.
My confidence that MDB will be trading in the 400s next week before 3/22 expiration is very high.
Mar 22 calls will printMDB is completing a gnarly corrective wave and is showing signals the local bottom is in. I just entered Mar 22 420 calls for 1.10.
Buy Zone = 360-370
Initial Target = 420 by 3/20
~~If it breaks 420 it will squeeze a lot higher. If you followed me recently I was bearish on MDB and it dropped as expected, now its an opportunity to enter long.
One of my favorite companies to trade.
Accumulation zones and resistance areas I have tried to highlight the accumulation zones detected and the resistance zones I will be paying attention to, I have already entered and exited this stock once based on this chart and have re-entered today...good luck with your analysis
