MDB trade ideas
What many people have waited for on MDBGreat company, partnerships will only grow and central to the crypto space etc. Early apple.
200 MA on this one usually means bargains and whilst the revenues were down, whose wasnt?
Sure its had a good run and perhaps 618 deeper retraces.
But long term, 1-2 yrs this ones on sale.
Here is catching knife territory, but like the candle and maybe a 38.2 golden retrace trampoline.
Oscillators is where im bullish in particular. Divergance evident on both and therefore not a bad area even for a short term trader.
Fundamentals are excellent. I think this is just covid fallout. If anything shouldnt tank with a crash, its this one.
A nice DCA here to start and watch is a good strategy.
MDB - Not looking so good.I see a bounce near term to 316 then 343 which would coincide with the top of the ichimoku cloud on the daily, but long term daily trend is pointing downwards. I expect a retracement down to 282 first, then 265. Daily candle also closed under the cloud with decent volume for the first time since covid crash which are very bearish signs.
$MDB with a projected bullish outlook The PEAD projected a bullish outlook following $MDB earning release with a negative over reaction after earning release with the PEAD placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Dec 6-11 watchlist - AMD CHWY LULU MDB AMD on break out watch for all time highs. CHWY - ER tuesday after hours, the retail space has been killing ER's. LULU - Retail sector again, All the girls stuck at home buying more legings, lol. MDB - SaaS sector , dont hold thru earnings, play the run up. Also, Door dash ipo is wednesday. Good Luck!
$MDB Watch List - $MDB MongoDB Rated New Outperform at FBN on Market-Share Potential; PT $260. IBD has changed market outlook to "Market in Correction." I'd be very cautious on any new entries to the long side right now. However, if this one holds up and moves higher and the market conditions change it may be at least worthy of your watch list. Ideas, Not investing / trading advice.
$MDB LongOppenheimer analyst Ittai Kidron assigned a Buy rating to MongoDB (MDB – Research Report) yesterday and set a price target of $275.00. The company’s shares closed last Wednesday at $239.53, close to its 52-week high of $254.76.
Piper Sandler analyst Brent Bracelin raised the firm's price target on MongoDB to $310 from $226 and keeps an Overweight rating on the shares. The company posted another strong quarter marked by an $11.5M sales beat and record customer adds, Bracelin tells investors in a research note. Improving demand fundamentals could partially offset tough second half comparisons and macro headwinds, says the analyst.