MichaelGLamothe

Grab momentum stocks when reward:risk is in your favor

NASDAQ:AMBA   AMBARELLA INC
47 0 2
AMBA             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.
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