Broke the flag - Update of previous tradePrice just broke the bearish flag, we may see a retest that would be an opportunity to add to my short position.
MDB trade ideas
Future of MongoDBAs a programmer and investor, I was surprised to find out that MongoDB is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability.
Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see why someone scared of losing money would discard of their positions in a company which still hasn't turned a profit.
It's most definitely a risky buy, yet it's future seems prosperous. With so many businesses going online and offloading all their archaic systems in favor of new technologies, the need for database providers is on the rise. I don't recommend betting to much on the company, but missing this opportunity would be quite a miss.
Feed the BeastInitial Target is 256 by mid Feb.
- After initial target expect pullback to test support around 237 by end of March 2023
- If 237 holds it will markup to 365, filling gap at 321 in the process
- Bottom is in
Yours Truly,
Leaked Database
P.S. Feed the Beast
$MDB: Very interesting setup, weekly+daily trends are upThis one has potential to be an extremely powerful move if we don't get some unexpected bearish shock after FOMC this week. Certainly worth a shot considering the weekly and daily trends are up here, and stop is rather tight just under $197.86 when upside is potentially up to $300 over time.
Best of luck!
Cheers,
Ivan Labrie.
bully on mongo data basesif u know what this software is for you should already be thinking to long. if we have a bull market or some type of "recovery" this one will pop. gl guys.
$MDB 1-28-2023Initial charting of $MDB with a candle close above supply zone. Added what are the next levels we could hit if this trend continues.
$MDB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MDB after a Positive over reaction following its earnings release placing the stock in drift B.
seeing MDB head and shoulder pattern in weekly charts seeing MDB head and shoulder pattern in weekly charts NASDAQ:MDB
NASDAQ:MDB
MongoDB MDB FILL the GAP If you've been following the setups and levels given, then you SHOULD BE at least feeling BETTER these days about your positions etc.
Now lets look to fill this current gap and then debate if you TP (take profits) AGAIN or ride this into the close and roll the dice on Monday open.
IF you want to roll the dice, at least be out of bed and into the premarket for trimming early morning pump before pullback as they often do. Giving you the SAME risk as you'll already be taking BUT with chance and opportunity for DOUBLE dipping the gains on the move.
MongoDB MDB looking STRONGER than most.I'm really liking the setups on this chart; I had a brief worry after closing yesterday and getting the pullback in the SPX and the overall Bearish thesis caused briefly by Amazon and Google and Microsoft selling off after hours. Also, I couldn't help being slightly worried by the small gap in the chart. However, that gap was filled and bought back up in a really healthy and systematic manner this morning and IMO setting this stock up to possibly outperform many others during this giant squeeze that's fueling the markets.
I'll post later the higher time frame look at this and it gets rather BULLISH looking.
MDB weekly frame (121 support on 1/9/24)alternative count.....
more bullish count in the short term and the final c towards 121
MDB weekly frame (83 support on 5/16/23)bearish count towards 83 like previous count
will provide the alternative count to this
#MDB long ideaHello dear Traders,
Here is my idea for #MDB
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
$MDB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MDB after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
MDB weekly frame (2/12/23 @ 175 & 83)one possible count as double zig zag
will post another count as a flat toward ATH
MDB under big levelMDB got rejected at 324 multiple times. this will be a big break. Can get to 340 if we breakout on volume.
Options chain is pretty illiquid on this. So i am going with shares.
$MDB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MDB after a Positive Under reaction following its earnings release placing the stock in drift A.
MDB Bear flag Next leg down in progress here, volume has been slowly drying up as price action gets tight. Watching potential bounce into 303, or any bounce, to start entering short. Watching the 200 level to provide some short term support in the coming weeks.
MDB target 1200+ long term ( short term can fall sharply) MDB target 1200+ long term ( short term can fall sharply) NASDAQ:MDB
Double top breakdownMDB hit resistance at 465 for the second time completing a double top. Broke below 200 day MA with relative ease and now acting as difficult resistance. Also, volume POC keeping it below 432 which shows crucial weakness not being able to reclaim it. That being said, I can see 385 being hit by next week and might see crucial decision at 345 after that.
MDB ParabolicMDB is Parabolic, this is the weekly chart
A recovery from its current price point will likely take place as it did in the red rectangle before it
Leading to continuation of the parabola
Very bullish
