MDB Bullish BreakoutMongoDB, Inc. Class ABATS:MDBvf_investmentHi traders, Technical Overview After a significant correction from the $380+ level, MDB has been carving out a Descending Wedge pattern. This is traditionally a bullish reversal setup characterized by converging trendlines where selling pressure begins to exhaust. The stock is currently testing the upper boundary of this wedge, signaling an imminent shift in momentum. The Signal: Regular Bullish Divergence The core of this trade idea is supported by a clear Regular Bullish Divergence on the RSI (14). While the price action has made "Lower Lows" throughout March and April, the RSI indicator has simultaneously formed "Higher Lows." Key takeaway: This indicates that the downward velocity is fading despite the lower prices, often acting as a leading indicator for a trend reversal. Execution Plan Entry Trigger: A decisive close above the upper descending trendline and the immediate horizontal resistance at $273.20. Confirmation on high volume will increase the probability of success. Technical Target: $320.00 This target aligns with a major supply zone and the previous breakdown point from early March. Estimated Upside: ~17.19% from the breakout level. Stop Loss: A daily close below the recent swing low at $240.00. This maintains a healthy Risk/Reward ratio of approximately 1:1.5 to 1:2 depending on the exact entry fill. Market Context MDB is currently consolidating in the mid-$260s. With the Relative Strength Index climbing out of oversold territory and the price stabilizing above the $250 support floor, the technical setup favors a recovery toward the "Technical Target" zone as shorts begin to cover and buyers step back into the high-growth software space.