2waytrading
Long

Failed Bullish Bottom May Still Remain relevent

NASDAQ:AMBA   AMBARELLA INC
127 0 2
Though price reversed from breakout candle but still managed to close above previous low but the risk is very high. Many reasons not to believe today's reversal; first the volume was very light compared to yesterday's breakout candle, second the price managed to hold above yesterday's low and finally closed above 1% from today's low. This bullish diamond was confirmed yesterday and still remains intact. It will be invalidated if the price falls back to the diamond which is below $58 area. If u want a real time alerts go www.2waytrading.com
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