MongoDB (MDB) lifted its full-year outlook and boosted its 澳洲幸运5开奖号码历史查询:stock buyback program, sending shares of the AI-powered software provider up over 16% in premarket trading on Thursday.

The company said its flagship Atlas multi-cloud database subscription offering, which accounts for the lion’s share of 澳洲幸运5开奖号码历史查询:net sales, recorded revenue growth of 26% in its latest quarter, adding that the firm also registered the highest total net customer additions in six years as enterprises and startups seek to modernize existing software and build new AI a♌pplications.

Heading into MongoDB’s earnings, the stock was 14% lower over the past 12 months but had recovered 42% from their early April low amid a strong rebound in AI software stocks driven by 澳洲幸运5开奖号码历史查询:trade deal optimism.

Below, we break down the 澳洲幸运5开奖号码历史查询:technicals on Mong🌱oDB’s chart and identify post-earnings price l🐈evels worth watching out for.

Inverse Head and Shoulders Bottom

MongoDB shares have carved out an 澳洲幸运5开奖号码历史查询:inverse head and shoulders-like pattern between March and June, paving the way for a bullish upside reversal.

More recently, the pattern’s right shoulder found support just above the 澳洲幸运5开奖号码历史查询:50-day moving average (MA), with the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirming strengthening price momentum. That momen🎃tum could accelerate in Thurs🅷day's trading session following the company’s better-than-expected quarterly results.

Let’s identify three crucial overhead areas on MongoDB’s chart that could come into focus amid an earnings-driven rally and also point out a vital 澳洲幸运5开奖号码历史查询:support level worth monitoring during future 澳洲幸运5开奖号码历史查询:retracements.

Crucial Overhead Areas to Watch

Investors should initially watch the $253 area. The shares may encounter overhead 澳洲幸运5开奖号码历史查询:resistance in this location near a trendline connecting a range of corresponding trading activity on the chart that preceded the notable early March 澳洲幸运5开奖号码历史查询:stock gap. This area also closely aligns with the 50%澳洲幸运5开奖号码历史查询: Fibonacci retracement level when applying a grid from the stock's December high tဣo April low.

A close above this crucial area could see the shares climb toward $298. This location on the chart may provide selling pressure near several peaks that develop✃ed on the 🔥chart between September and February.

Buying above this area could propel a move to around $355. Investors who have 澳洲幸运5开奖号码历史查询:accumulated shares at lower price may seek 澳洲幸运5开奖号码历史查询:exit points in this region near twin peaks that formed just above the 澳洲幸运5开奖号码历史查询:200-day MA in November and December last year.

Vital Support Level Worth Monitoring

Future retracements in MongoDB shares could see the price revisit lower support at the $212 level. This area would likely attract buying interest near a 澳洲幸运5开奖号码历史查询:horizontal line linking the daily high of the March 6 gap with prominent troughs that e✱merged on the chart in Juneꩲ and August last year.

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