I've been watching this stock for a breakout for about 1 month. NICE gap today. I will be keeping my eyes on it for a longer term and or regular bullish swing trade :-) #bullishgapandgo
Legendary Investor Buys Large Stake in Ambarella Downgrading GoPro to Junk. Never Listen to Warren Buffett investing in drugs, alcohol, hamburgers, and potatoes. Americans are complete ignorants - Einstein. We're truly billionaires unlike crooks on TV
Battleground: Morgan sticks by Ambarella after guidance cut, two downgrades The shares of Ambarella (AMBA) are tumbling after the chip maker reported stronger than expected quarterly results but cut its guidance. Two research firms, Craig-Hallum and Roth Capital, downgraded the stock on the heels of the report, but Morgan Stanley remained upbeat on the company's...
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We've traded this one a FEW times before. #buylowsellhigh Find what strategy you like on this one. I'm not liquid enough to trade anything meaningful on it (for now) but others are welcome to do their research. :)
Who would buy here??? Don't chase the bullish trend. If you are not in don't be "the guy" who buys at the very top (like I did on SLV many years ago. I bought as HIGH AS SLV has ever printed thus far.) Therefore, "don't be that guy/girl" I'm not trying to pick the top YET. I am just not buying. If a gap down or something happens where it's scaring people, I'll...
$AMBA Weekly set-up looking really bullish. 50 MA breaches 100 MA with price above. Earnings 12 days caution there. #swingtrading
Looking for AMBA to continue long again off of the 200 SMA on weekly
$AMBA Price above 200MA with 20 MA about to breach 50 MA. Long today likely (or let price retest 200 ma?)
This is a trade and plan we talked about on AMBA since January 24th. Got triggered into shares a few days later. At this point, the $51 protective put is at the cost basis of the stock. The covered call paying for that feels good. :-) Protection over earnings, with more upside left. I DIG IT! My target was / is $62 anyway. So selling above there, would be nice.
The $74.78 resistance is a strong one on AMBA. Not sure how this stock gaps, but if AMBA opens in the red zone, I would be a tad more bearish on a day trade. IF AMBA opens in the green zone, should be a smidgen more bullish..
Currently wave (C) is underway and its possible target price near $71. I will buy some when price find ground here.
Volume is already tracking higher on the S&P 500 and if the price action remains where it is now around 2150, we'll definitely be looking at a 9th distribution day. To top it off, we will also have a distribution cluster which is 4 or more distribution days over a rolling 10 day period. The indicator below the chart displays the distribution day count over time....
I'll only trade this if the market breaks down and goes weak on the day tomorrow, $AMBA has formed a bear flag so I'll be watching tomorrow if it can breakdown out of it.
AMBARELLA INC (AMBA) Bat pattern execution with a 2.24 B-C projection showing extreme price action. respected the PRZ with a 1pt difference between top end and lower end. would prefer more harmonic numbers in this area however price action in good and has reversed nicely. Fibonacci retracement too shows areas for TP, 0.382 looking like key support area so...
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.