April 10, 2019

Get MDB On Your Watchlist!!

MongoDB (Ticker: MDB) is a tech name that just doesn’t have the same love as its peers. Yet this stock continues to outperform or at least trade on the same scale as the others. I have rarely heard about this name in the media. Why? It is a great trending performer and continues to hold even when the markets are pulling back. That is when you should be aggressively targeting this name. I would be looking intently in the near term for this stock to make a strong move above $150. I think at this point, buyers might start flooding in and looking for the momentum play. This stock is not without risk. There is a huge gap to be filled at the $104 range. However, buyers might not allow that to happen anytime soon. I suspect we hit $160 before we hit $120 in the near term. Keep $MDB on your watchlist NOW.

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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