MongoDB: The Q2 Event Won't Have Too Many Highs, But A Trough Seems Imminent

enot-poloskun Introduction The stock of MongoDB, Inc. (NASDAQ:MDB), a business noted for its developer data platform, has experienced an unsavory journey this year; in a year where the tech-heavy Nasdaq has generated positive gains of 18%, MDB has plummeted by -38% on a YTD basis. YCharts After a particularly pronounced fall in the last week of May, the stock has been chopping around within the range of $212-$272, waiting for a potential trigger to determine the next course of action. In a little over a we ...