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lauralea
Mar 1, 2022 4:34 PM

Pull Back Fishing 

Ambarella, Inc.NASDAQ

Description

OUCH!
Ugly top. Bear Flag.

AMBA is in the process of being annihilated after an earnings beat. Perhaps semiconductors just are not in the cards right now. Perhaps stocks with ugly tops are now being severely punished as well.

The support the prior gap could have provided has been violated.

Lessons learned: Take a very close look at your holdings and earning's dates, take a close look at tops, and if an airplane is flying overhead and drops a heavy object from the sky, get out of the way. Let the object hit the ground, then go and assess it.

No recommendation.

Comment

Price is eventually drawn like a magnet, especially in an older security, to where it lives. I guess it is just comfortable at home (o:

So why do we play this game? I guess to catch the move up or down before the security goes home again )o:
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