MNDY – Your Bullseye Pick of the Week - Bullseye Pick of the Week

My Trade Details:

  • MNDY Mar 17 2023 160 Call near $7
  • Stop: Close below $145
  • Target 1: $165
  • Target 2: $180

My Reasoning:

Fueled by back-to-back strong earning results in the last two quarters, MNDY has been quietly becoming one of the top-performing stocks in the market over the last few months, as it has gained over 100% from the November lows.

MNDY just had a $20 pullback from the highs reached after the last earnings report.  I am using that as an opportunity to enter the trade at a great price.

If I am wrong, I will use the recent lows around $145 as my stop if the stock closes below that level.

If things go my way, I think we will see MNDY trade up to $165 and possibly even $180 as my two upside targets.