Power Plays New Idea: MDB
February 5, 2024
By Scott Redler
Name: MongoDB
Ticker: MDB
Price: $434.00
Needs to Hold: $370 to $390
Price Objective 1: $525 to $550
Price Objective 2: N/A
MongoDB (MDB) has been in a 6-month channel.
And given the action in these types of software names, I believe it can resolve higher.
If MDB can close above $445, I believe it can hit the $525 to $550 area.
-Scott
Scott Redler Positions Disclosure as of 2024-02-05 at 11.20.53 AM