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 trade ideas
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
MDB Mondo Bearish Bearish on MDB short term. Seems to be on a trajectory to low 300's by Apr 24th.
Could go lower afterwards to check its base of 250 but I doubt it. Once it reaches the low 300's I'll be very bullish.
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.
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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).
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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
$MDB - Can see further downsideNASDAQ:MDB If MongoDB fails to maintain the uptrend line, it may experience additional downward pressure.
The critical support level is at $366. If the stock fails to rebound from this level, it could decline further to $322 or even fill the gap at $295.
MDB - 3rd wave WIPMDB is strong today despite the SPY pullback.
Strongest leg up, 3rd wave is in progress.
Once it breaks 450, can see 500 quick.
Target #1 450
Target #2 500
Target #3 560, after a pullback
MongoDB LongOn TDI we can see a complete setup. Liquidity grabbed/Stop hunting == > A big move and now PA coming back for retest. Broadly we can divide the PA in Prem/Disc. In discount levels also we can witness a Daily OB around golden Fib, expecting price to reverse from this zone.
MDB MongoDB Options Ahead of EarningsIf you haven`t bought the dip on MDB:
Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week,
I would consider purchasing the 450usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $41.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Long MDBIt's about time, finally a real breakout for this one. Weekly chart, still not at all time highs.
MDB - 7 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
