IvanLabrie
Long

AMBA: Time at mode uptrend and retracement entry

NASDAQ:AMBA   AMBARELLA INC
262 9 19
Ambarella Inc             . has a very nice trade setup in the daily chart .
We can enter at market with a tight stop, so I think it's worth             it to take this trade.
You could initially book partial profits on a daily high retest to make the trade risk free and aim for the time and price target on chart.

Estimated time of arrival is by December 31st or sooner.
Good luck.

Cheers,
Ivan Labrie.
Trade closed: stop reached
Comment: Might have to wait a bit more.
Comment: Monitoring for a potential new uptrend signal.
Comment: Coiling for a major move.
Potential Inverted Head and Shoulders?
Reply
IvanLabrie PRO themarketzone
Hi, since I don't use it my brain doesn't see the pattern. :)

Other than that, this is a very attractive buy judging by r/r and probability so definitely worth a shot.

Thanks for stopping , cheers.
+1 Reply
Good analyse Ivan,Like always...
Reply
IvanLabrie PRO johan.verm
Thanks, let's see how it does after market opens, looks promising.
Reply
Now it looks ripe for a long, very nice setup.
+1 Reply
i was also early on this play . my eyes are one it !
EXCITING Times
Reply
I'll try tomorrow, looks ready.
Check out WMT if you can.
Reply
ChimbOt PRO IvanLabrie
i really dont like any USA longs , right now . Market is a selL! Babba ia different case
Reply
Hehe. Well, the massive put expiration didn't drag it down as expected, so I think some individual stock longs are wise.
Reply
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