Monitoring the order flow on $MongoDB Inc.(MDB)$ as it interacts with the 332 liquidity node. The contraction from the June peak has effectively washed out the weak momentum hands, bringing the equity right back down to test its two hundred day moving average cluster near 335. Fundamentally, the underlying mechanics remain incredibly robust with Atlas consumption trends exceeding original internal forecasts by three percent. This pull back has compressed the forward multiple to a much more attractive layer for larger funds looking to accumulate blocks. With the holiday calendar pulling weekly options expiration forward to Thursday afternoon, expect a lot of structural delta rolling and erratic volume into the close. We are keeping a close eye on buy side absorption here to see if the institution desks hold this level or let it slip to the next support zone.
MY watchlist : $Hewlett Packard Enterprise(HPE)$ $Dell Technologies Inc.(DELL)$ $SUPER MICRO COMPUTER INC(SMCI)$ and $Linkers Industries limited(LNKS)$