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Genghis
May 18, 2016 2:57 AM

Ambarella Support?... Risk/Reward is worth a Go (Pro) Long

Ambarella, Inc.NASDAQ

Description

Currently sat on long term support. It looks like the worlds equities markets are set to melt down but is Ambarella going to be one of the few exceptions? We'll find out soon enough.

Trade active

Long at 34 flat... SL 33.00

Comment

Correction long at 38 flat

Trade closed manually

Closed out at 49.60. Will look to reenter long once gap filled sub 45

Trade active

Trying to be cute and actually attempting a short into gap. Short at 54.40, SL 56.00, TP 40.50 (RR~9)

Trade active

Short at 72.00 SL 73.10

Comment

Heading back into support. Interest to get back long sub 47

Comment

Sub 47

Comment

Comment

Comments
Genghis

Model predicts a pull back to below $41. No signs of a dump butwe are sat on the 2.618 extn
Genghis

Looking at potential 25% drop off. Ordinarily I should just waiting on this to reenter long but RR is too good to not attempt the short.
Short at 54.40, SL 56.00, TP 40.50 (RR~9)
Genghis

Closed out at 49.60. Will look to reenter long once gap filled sub 45
Genghis

Looking for gap fill at 44 and dip sub 41 to add to long
Genghis

Anticipating stutter into 56 levels before correcting to close gap down at $43
Genghis

Trend line resistance erroded
Genghis

Chart corrected
TA_Valley
you are a great weekly trend line player
Genghis

Weekly seed pattern set at the end of Feb and great RR. Gap up above $85 that will need to be filled at some point.
Incredibly tidy financials but obviously struggling with Go Pro strife.
Genghis

AMBA vs GPRO
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