2waytrading

Follow Up Previous Post (It was a classic bullish pattern)

NASDAQ:AMBA   AMBARELLA INC
122 0 2
A month ago we posted that price is heading 45 area and it looks that has been achieved! And this is what we had to say at that time "The pattern typically forms because a supply of shares is available at a certain price, represented by the upper flat line. When the supply depletes, the shares quickly break out from the top trend line and move higher. 24% of the floats are shorted and could give you an explosive more if Sept 4th earning is seen positive. If you are interested in real-time trades or updates try us www.2waytrading.com"
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