There was a time that MongoDB (symbol MDB) seemed to me to be the most promising short setup out there. It was absolutely amazing. Just about the most perfect head and shoulders pattern I had ever seen. I think you know where this story is going…………
MDB did indeed start sinking, and it retraced………….then it kept going. I tried multiple times to make money on this, but I think I lost every single time, so I gave up and just stopped looking at the damned thing. I just noticed that, after hours, it’s getting absolutely clobbered. You can see a miniature version of the former pattern on the right.
I deeply resent MDB, so I’m delighted it is getting brutalized, and I applaud any fellow bears out there who made money on this sucker. Take it to zero, boys!
