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lauralea
May 9, 2021 9:13 PM

Head and Shoulders 

Ambarella, Inc.NASDAQ

Description

Price would need to break neckline in a confirmed downtrend.

Targets 2 39 to 23

No recommendation.

If price breaks the neckline, in an uptrend, this pattern would have failed as the neckline is now resistance. Bull markets and head and shoulders patterns do not co-exist well, so be safe.
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