Feb. 13 at 5:40 PM
$MNDY is trading near major long-term support, revisiting levels last seen in November 2022, which historically acted as a strong demand zone. The stock has recently tagged its
$3.8 billion market cap level, an important valuation floor that often signals institutional stabilization and potential accumulation.
If MNDY is going to rally, this is the area where it should begin building momentum. A decisive breakout above the
$100 level would confirm a shift in trend and open the door for a move toward the
$141 resistance, offering significant upside from current levels.
With a clearly defined stop loss at
$54.29, this setup presents a compelling risk-to-reward ratio, allowing controlled downside while targeting strong upside potential.
Beyond the technical setup, monday.com remains a leading workflow and productivity platform. This is not just a bounce trade for meāitās a stock Iām willing to hold long term as growth and software demand continue to expand.
If you enjoy my analysis and want to see more trade ideas like this, your support means the world to me! Consider liking, sharing, or following for more deep dives into market opportunities.
