MongoDB (MDB) Stock Analysis – Bearish Trend with Potential Reve

Bearish Case

• Breakdown Below $223.52: Key support lost, confirming a downtrend.
  
• RSI (32.65): Near oversold but no rebound yet.
  
• Stochastic (5.60): Oversold but no bullish crossover.
  

Downside Targets:

• $187.65: Next support.
  
• $135.15: Major historical support if further decline continues.
  

Bullish Case

• Oversold Conditions: If RSI drops below 30, a reversal bounce could occur.
  
• Trendline Support: Long-term trendline near $180 could trigger a bounce.
  
• Short-Covering Potential: Reclaiming $223-$235 may drive a push to $256-$267.
  

• Selling Pressure: High volume at $223-$235, reclaiming is crucial for bulls.
  
• Strong Support: I likely at $180-$187.
  
• 50-day MA ($267) below 200-day MA ($322) – death cross confirms downtrend.
  
• Shorter EMAs declining, reinforcing bearish bias.
  

Short-term bias: Bearish unless price stabilizes above $223.
Key levels to watch:

• Downside: $187 → $180 → $135.
  
• Upside (if reversal happens): $223 → $235 → $267.
  

Trading Strategy:

• Bulls: Look for support confirmation at $180-$187.
  
• Bears: Watch for rejection at $223-$235 to continue short bias