AMBA have successfully broken out of the Bullish Ascending Triangle chart pattern highlighted last week, closing the session with an intraday rally of +8.86% at $108.19.
ATR-14 of AMBA is currently at 5.42/DAY, a further 30% volatility increment since last week. This price volatility was last witnessed in 2015, where AMBA did a parabolic run of 71.08% gain in 3 weeks before peaking at $128.