Mongodb Inc. stock analysis, Should you buy, hold, or sell?

Stock Analysis: Mongodb Inc. stock (MDB)

Trade Details: Monthly time frame according to Mongodb Inc. stock trading into a bearish trend.

Friday’s price closed at 253.18. Monthly time frame according to buying trend converts into bearsh. The current price just retraces towards their supply zone level of 310–390. Looking at HTF according to M Pattern also forms part of the chart. 

Weekly time frame according to price makes the LL-LH in the structure. 

NOTE:-Open sell position if price enters the 309-380 supply zone and rejection is daily or weekly candle .

Swing Trade Idea’s: 1 Entry price = 314-380
SL Price = 392
Target 1: @ = 215
Target 2: @ = 165

Counter-Buy Trade Idea:–

Entry price = 253-235
SL Price = 219
Target 1: @ = 314

Note: Keep trailing your stop loss to secure bigger profits.

Please note this is only an opinion and not financial advice.

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