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MongoDB, Inc.

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MDB trade ideas

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.
NASDAQ:MDBLong
by Tr8dingN3rd
3
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
NASDAQ:MDBShort
by VROCKSTAR
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!
NASDAQ:MDBLong
by The_Trading_Mechanic
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).
NASDAQ:MDBLong
by thinkCNE
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.
NASDAQ:MDBShort
by DEXWireNews
This Could Be In TroubleNo reason to panic yet, but there might be one if 461 doesn't hold. This has the same setup that I've seen in any major decline following an upthrust/blow off top. Here are my expectations: Bearish Scenario - Gap down to 430-445 Tuesday morning (2/20) - Dead cat bounce to test 456-462 for resistance (point rejection level = 461.53) ** IF rejected, then it opens the door for an explosive drop to at least 396-418. Point target = 411 by 2/23/2024 ~If the 396-418 range does not hold as support, it could crash to as low as 335 ( downside targets if support breaks = 378, 362, 335 ) * If this occurs it will bottom around 2/28-3/1 and present a buying opportunity. ------------------------------------------------------------------------------------------------------------------ Bullish/Neutral scenarios (both less likely than the bearish scenario) 1) 461 holds as support: this would result MDB becoming range bound between 460-486 going into Earnings 3/7 2) 461 doesn't hold but it finds support at 428 (AB==CD), then it would test 461 for resistance. IF that does not hold as resistance then it will attempt a new high above 509 (likely would only make it to 486). -------------------------------------------------------------------------------------------------------------- Summary: - not expecting crash but its possible - looking to enter Mar 1 430 puts if we get gap down followed by rejection at or before 461, target 411 - this downside will be healthy for MDB mid-term, needs it to test 600s in the future
NASDAQ:MDBShort
by JerryManders
12