526 trade ideas
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.
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MDB MongoDB revenue increased 50% YoYMongoDB's fiscal third-quarter revenue increased 50% year over year.
Revenue growth rate increasing from 39% growth in the first quarter of fiscal 2022 to 44% in fiscal Q2 and now 50% in fiscal Q3.
MongoDB's 50% revenue growth put total revenue for fiscal Q3 at $227 million.
This was far beyond analysts' average forecast for revenue of $205 million during the period. (fool.com)
With this growth rate and cloud-based database needed for the upcoming metaverses, i think MDB MongoDB can reach all time high by the end of the year.
NASDAQ:MDB Potential short opportunityHi Guys , Here is my analysis on MDB
what im seeing here is a rising wedge pattern , which is telling us the buyer is slowing down ,
volume of buying is decreasing then as we can see there is a multiple wicks rejection on the resistance above ,
and it shows price failed to break above 517-520 ,
what im waiting for right now is ,
to wait price to break below 500 then we can look for our short position ,
let me know what you think about my analysis ,
Give it a thumbs up or comment if you like this idea !