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tradearcher
May 29, 2016 6:29 AM

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

Ambarella, Inc.NASDAQ

Description

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.

Stalk your entries and obey your rules.
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