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Relative Strength Software Growth Name Setting up Bull Flag

by | Jul 28, 2024

Monday.com (MNDY) shares of the software name are curling higher off the recent test and bounce from the rising 55-day MA near 225 key support and look poised to pop to new highs above 250 for a run into the earnings report not due until 8/12. The stock could get a boost this week if some of the mega cap Tech names and software peers like MSFT see positive earnings reactions from the recent oversold moves. MNDY has a clear path to 250 and then 275 if things get stronger from this coiled range breakout setup.

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