MDB trade ideas
Q42018 was just a Short squeeze that bumped the stock higherQ42018 was a Short squeeze that bumped the stock higher
1) Way too much equity financing
2) Net loss
Cash provided by financing activities during the year ended January 31, 2019 was $288.2 million primarily due to the issuance of the Notes, net of the Capped Calls and issuance costs, as well as proceeds from the exercise of stock options and issuance of common stock under the Employee Stock Purchase Plan.
All about financing, ergo, the short squeeze. Despite issuance of stock, still a net loss, negative cash flow on operating activities. Can't rely on financing forever. IPO'd at 9mil shares, now at 52mil.
On a weak economy, this presents a red flag. Added on my sell list.
MDB MongoDBCurrent price: 136
Target 1=147
Target 2 =153
Target 3 = 165
Target 1= 8%
Target 2= 12.5%
Target 3= 21%
MDBAnother beauty of a uptrending stock in the right sector. Pretty self explanatory, clean break expect higher in the coming weeks. RED is support/stop.
Trailing for a Short Set up-99 mil net earnings etc. Do your own diligence. Sim to the QURE idea. Exuberant pop, right shoulder..tasty gap below. Just moved below near neck support. Moved Below Lower Bollinger Band, Moved Below Lower Price Channel, P&F Double Bottom Breakout
MongoDB, Inc. (MDB)(NASDAQ) Buy Limit $135.11 >>> $138.74NASDAQ:MDB
MongoDB, Inc. (MDB)
Why MongoDB Stock Soared 44.8% in March:
What happened
Shares of MongoDB (NASDAQ: MDB) surged nearly 45% last month, according to data provided by S&P Global Market Intelligence, following the cloud database company's excellent fourth-quarter report.
So what
MongoDB's revenue rocketed 71% higher to $85.5 million, besting Wall Street's expectations of $74 million and representing an acceleration from the company's 57% growth in the third quarter. MongoDB's results were fueled by the torrid growth of its Atlas database-as-a-service offering, which saw sales explode higher by more than 400%.
"MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch," CEO Dev Ittycheria said in a press release. "At approximately one-third of our revenue, MongoDB Atlas' tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management."
Looking ahead, MongoDB expects fiscal 2020 full-year revenue to rise 36% to 39% year over year to a range of $363 million to $371 million.
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Buy Limit 1 - $135.11
Buy Limit 2 - $134.27
Take Profit - $138.74
Stop Loss - $131.47
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Take Profit = +2.69%
Stop Loss = -2.69%
No one shorts Mdb and lives to tell it's tale.lol, honestly, I don't even dare to short mdb.
However if i were to start a position, it would be at $150 because the latest analyst pt was around $150s, and the RSi is just so high already, it's gotta reset a bit.
But if there's one stock that doesn't give a shit about the market condition, or spy. that would be MDB.
Literally the only stock to be buying the fucking dip.
Short at $150.
stoploss $151
take profit $147.
MTB: poised to correct. Ending diagonal close to completionIn line with the general market pending wave 2 pullback, this could be a good short.
Mongo DB Short Potential 19% in 27 daysMongo DB is bouncing off resistance on the 1 day chart. Potential to go long at breakout or short back down to support.
MDB - off 18% on AMZN news offering like data servicesMongo DB is off 18% this week due to Amazon making announcement they will offer similar cloud data services.
Watch for basing at 74 back up to $80 on fib retrace on next week. MACD showing blue crossover this week.
MDB
AMZN
