MDB trade ideas
MONGODB AnnouncementHey my friends, MONGODB is in an upward movement, it is in a stabilization zone which it has to break with two touch. the fake zone could breakout at the top of this one.
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Stock to watchNot actionable! but, it is really interesting to watch. MDB dropped 8% today shaving all of its profits since 5/19. now it sits at a 200$ psychologically important level. The 50EMA support level ranges from $182.8 to $175.
8% drop forms a sell signal but have to keep in mind that it had an incredible performance from 5/4 to 6/2 where it was up more than 50% from $154.9 support level.
MDB is a database subscription company, I personally had some user experience while i was working on a web dev related project. It provides a modern and easy to use user interface with non SQL database.
MDBstill only worth 13billion in market cap. This is the top database company. SQL tech will continue to grow. Should be worth over $100 billion
MDB - PreEarningspitchfork with recent fib, looking for a break of upper mid channel to the 1.618 fib - price target 243.xx before earnings
MDB Bearish Crab ReversalMDB can see the massive Bullish Gartley(green),to perfection, that preceded this developing Crab Pattern... looking by Rule at the 1.618 AXA reversal on the Crab(red). High probability, no guarantee, sellers sitting at that D point by rule.
MONGODB $MDB triangle ascendingFor confirmation of triangle ascending, it needs to break above $198.23. Watch for RSI resistance as well.
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Target 250As long as it stays above that mid grey trend line. It has to close above that red trend line which is a hurdle now. Its important that it should close monthly above that mid grey line.
MongoDB short setup on right angle desc. broadening wedgeApparently, this is a bullish pattern and breaks up 63% of the time per Bulkowski.
Measured the time and price % change from peak to trough ping pongs in this wedge, price is inherently unstable and is accelerating between ranges.
Wedge resistance is $180.
* 115 days to drop 39%
* 142 days to rise 62% back to wedge resistance
* 26 days to drop 48.5% to wedge support
* 52 days to rise 91% to wedge resistance $180
$MDB $199 target for MongoDB INC
Breakout to all time high
$200 will be key psychological resistance level;
Watch out for overbought conditions
Earnings approach so could very well be positioning
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MDB loosing out on steam, watch out for temp pullbackMDB loosing out on steam, watch out for a temporary pullback
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
