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Spring up into Primary Ascending Channel

NASDAQ:AMBA   AMBARELLA INC - ORDINARY SHARES
10 2 1
1. Spring in process not confirmed.
2. Spring up testing ascending channel primary structure @ 20 degree slope
3. Momentum Oscillators oversold.
AMBA completed a double-top and reached the target price. I agree we should get a bounce back, perhaps a 50% retracement from the recent fall. This would have the stock retesting the bottom of the channel (I draw it a little different) in the mid 90's.

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tristan.rhodes tristan.rhodes
I should add that I think this stock has seen a capitulation in exuberance with the enormous volume on 06/22/15. After the retest of the trend line in the 90's, I expect this stock will continue dropping and would be a great short at that point.
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