formed and broke out of a symmetrical triangle on 7/13. The reward to risk on this trade was fantastic. 102.84 pivot
with support at 99.38. To test one of the strongest leaders this year, one only had to risk a little over 3%. The RS
line had just turned positive and AMBA
was also showing strong support along the 10wk line by consistently closing in the upper half of its weekly trading range as it consolidated along it for 3 weeks prior to breaking out.
These are some of my favorite kinds of trades and ChartYourTrade.com's Gold
members received it on the 7/11 Ready List.