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  • Writer's pictureT. Livingston

MNDY Pulls Back To Its' 50-Day Moving Average

Software company (MNDY) is currently pulling back nicely to its' 50-day moving average after sporting robust price action since early May. Monday was a hot IPO back in 2021 but corrected deeply in 2022. From a fundamental perspective, MNDY has delivered extremely impressive earnings and sales over its' past three quarters and is also estimated to have a huge 2024. Numbers like this is what attracts growth funds and this is evident by the strong accumulation in Monday's chart. This is quite similar to the action we've seen in Palantir recently.

I will be monitoring MNDY in the coming days for an entry point.

Risk right. Sit tight.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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