🧨 $MDB: Oversold, Overlooked… or About to Rip?

A Chart Breakdown + 3 Ways I’m Looking to Trade MongoDB

A Chart Breakdown and The Ideas to Trade MongoDB

Hey traders and friends,

MongoDB ($MDB) has been in the penalty box since late 2023, but it’s starting to show signs that the selloff might finally be exhausting itself. After a long fade from $370, the stock is now hovering above key support with momentum beginning to curl higher.

This deep dive breaks down what I’m seeing on the chart, how I’d approach the trade depending on your style, and why it’s back on my radar. Whether you're investing, position trading or trading options like I do—I've got a plan for it.

Let’s get into it.

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🧠 What’s the Setup?

• Current Price: $206.98

• Key Support: $203.28

• Next Downside Level: $178.28

• Major Resistance: $215.05 short-term, then $240

• Trend: Neutral overall, but showing bullish behavior on the 1-month timeframe

Momentum indicators like MACD and Stochastic are starting to slope upward. RSI is sitting at 59, and volume remains light. All signs of a base trying to form.

The IV Rank is at 64 — high enough to matter, which gives some room to structure defined-risk option plays if price confirms.

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📊 Chart Breakdown

• Price Action: Holding steady above $203 after months of selling. That level’s critical — it’s been tested multiple times and held.

• Moving Averages: Price is still below the 200-day MA, which is resistance. The short-term MAs are flattening — showing potential for a shift.

• Momentum: MACD and Stochastic curling up — early but notable.

• RSI: Neutral -mildly bullish at ~59. No extreme buying or selling.

• Volume: Low. Typical for consolidation. Looking for a volume spike to confirm direction.

This chart is quiet, which is usually when I start leaning in. No breakout yet, but it’s preparing for one.

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💡 How I’d Trade It: 3 Ways to Approach $MDB

This is where I outline how I’d approach $MDB depending on how you trade — long-term, short-term, or with options like I do.