$MDB Cup with Handle Re-Test$MDB has been a strong stock and looks to have formed a bit of deep cup w/handle formation. After it's break of the handle down trend it looks like it may be resting or re-testing that beak-out area. I have made notes on the chart of things that are important to me. The real proper entry is when it breaks above the high of the cup formation. I like early entries but missed this one. It looks to be setting up again. Ideally, I'd like this to pullback in to test the lows of the handle, maybe even undercut then start it's move back up. Alternately, if it can move over the short term down trend line with some volume I'm also interested in the trade. It is currently above all moving averages which is bullish to me. I bring it to your attention because I have put it on my watch list and you may like it too. Ideas, not investing / trading advice. We have about 25 days until earnings. Please confirm this on your own.
From earningswhispers.com:
Mongodb Inc Cl A Beats
Mongodb Inc Cl A (MDB) reported a 1st Quarter April 2021 loss of $0.25 per share on revenue of $181.6 million. The consensus estimate was a loss of $0.37 per share on revenue of $170.0 million. The Earnings Whisper number was for a loss of $0.30 per share. Revenue grew 39.4% on a year-over-year basis.
The company said it expects a second quarter non-GAAP loss of $0.43 to $0.40 per share on revenue of $180.0 million to $183.0 million. The current consensus estimate is a loss of $0.33 per share on revenue of $181.01 million for the quarter ending July 31, 2021. The company said it expects fiscal a 2022 non-GAAP loss of $1.38 to $1.25 per share on revenue of $771.0 million to $784.0 million. The company's previous guidance was a loss of $1.55 to $1.39 per share on revenue of $745.0 million to $765.0 million and the current consensus estimate is a loss of $1.43 per share on revenue of $764.65 million for the year ending January 31, 2022.
