AMBA Channel - Pull back areas Short

Ambarella, Inc.NASDAQ

Description

⋅ Jun 2, 2015 8:14 AM

AMBA - After printing new all time highs, has a tendency to re-test the 50 DMA on the daily chart. Also, a channel trader, broke out of the channel and overstretched. The DMI shows wide divergence and R/R favors a trade to 77-85 pullback zone.