tradearcher

(DE) Test ema50 support for 3rd time; bottoming process.

NASDAQ:AMBA   AMBARELLA INC - ORDINARY SHARES
If bullish , may retest resistance near R1 pivot . OBV has formed a local             bottom and MACD and RSI confirm bullish price action. Ema50's slope is nearly flat and price has been lingering near it the previous 4 days.

However, if surprisingly bearish , then it may have a support retest near S2 pivot .

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