Short!!Great bounce today, but it has all the key MA's above and will surely find some strong resistance and break back down.
MDB trade ideas
Short MDB - 1D TFI have set an order open a short today on $MDB. Friday's price broke DC20 and is below MA20 (recently broke) on daily. RSI is bearish. Weekly closed below DC20.
TP TBD - major supports at 95.3, 62.3, 32.35 or by using trailing stop to be driven by DC20 on daily (if prices closes above DC20). The same applies for SL.
RSI is bearish.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
MDB Long idea (short term)MDB is in at the bottom of its downward channel. Buy here below $118 and sell towards the top of the channel $126-129. I will add short as it reaches to the top of the channel. This stock can be pretty volatile so maintain stop losses, as always. Good luck.
$MDB double bottom daily at 120 Needs 200 SMA clear of 128watching for a push to the 200 SMA then back to 131
Three Percent Trade Idea: Going long MDBHere is a great opportunity to pick up MongoDB.
At Three Percent Trades we have a price target of $185.00 / share, which is a potential upside of 21.5%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
Well, Whatdya Know??MDB Linked Ideas. Just strength and growth, plain and simple. Like I said, 200 or bust. Happy hunting and GLTA!!
$MDB Bet Paying OffMDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for this thing to have an extended run as it has every other time it bouyed around the 125 MA. If so, the logarithmic channel top would end up being over 250 per share. I'm an owner of this strong growth stock. Happy hunting and GLTA!!
Risk/Reward 6:1 Minimum in MDB Right NowMDB In my previous post (linked) I looked at the way MongoDB previously had reacted to tests of its 125 moving average over its short but super strong lifespan. This is a true growth stock, and is currently in a position to offer a minimum of 6:1 ratio on risk/reward from Friday's close. This is dependent on setting a stop loss below the current uptrend line and channel this stock has ridden on its rise, so around 134.50 should do. On breakout from the current inner resistance, MDB should have very little trouble running to at least its previous ATH 185ish, but just as easily may head all the way back up to the top of its channel near 250ish. RSI is on watch for breaking out of resistance line, and Klinger Oscillator is quickly heading towards bullish entry point when crossing zero line while crossed over bullish. I entered last week at 139.50 as a hold, with stop loss set for now. If it breaks out as I suspect it will, I will use a trail stop instead. If looking for short term gains, I suggest options after the breakout, either up or down. Happy hunting, and GLTA!!
Short to FIB 100/127.2 Breaking down with a short entry here with to PT 1 (fib 100 ) and PT2 (fib 127.2)
200 or Bust...NASDAQ:MDB Each time MDB gets the chance to reset to its 125 MA in the past, it has had a very nice rebound followed by an extended run. I don't believe this time to be any different. If this things can make it to 160, then it's 200 or bust. Buy and hold. Take profits near channel tops. Happy hunting and GLTA!!
MDB Swing LowTagged swing low in the downtrend channel yesterday around 135. Looking for it to retrace back to the 155 area before hitting the swing high.
"MDB" Making higher lows. Setting up to test ATH10MA crossed 20MA yesterday.
MACD also followed the same pattern.
RSI(14) is around 60s
CCI(20) is around 118 (Kinda overbought but still continues)
BB also tightening which also implies a move coming.
First level $176.84
If pulls back to $160, Enter
if not, stop buy at $167.85
Q42018 was just a Short squeeze that bumped the stock higherQ42018 was a Short squeeze that bumped the stock higher
1) Way too much equity financing
2) Net loss
Cash provided by financing activities during the year ended January 31, 2019 was $288.2 million primarily due to the issuance of the Notes, net of the Capped Calls and issuance costs, as well as proceeds from the exercise of stock options and issuance of common stock under the Employee Stock Purchase Plan.
All about financing, ergo, the short squeeze. Despite issuance of stock, still a net loss, negative cash flow on operating activities. Can't rely on financing forever. IPO'd at 9mil shares, now at 52mil.
On a weak economy, this presents a red flag. Added on my sell list.
