September 13, 2024: Monday.com (MNDY) looking good to trade

Written By Venu .

Monday.com (MNDY) resisted the recent market sell-off and respected the 10-week moving average. Institutional accumulation looks encouraging. This one will be interesting to watch for the rest of this year. Can it reach its prior high of $428$?

Closing price on September 12: 258.7$

Stop loss: 240.9 $ appears to be a strong support

This is Mndy's weekly chart. See how the stock respected 240.9 $ support and stayed above the 10-week moving average and accumulation. Two recent shakeouts (in March and July-August) make this even more attractive!

Venu .
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