Currently sat on long term support. It looks like the worlds equities markets are set to melt down but is Ambarella going to be one of the few exceptions? We'll find out soon enough.
Really good support. Tried it once a while back for a long term "buy and hold" "buy low, sell high accumulation trade" and it simply didn't work. It's back down at a really good support.... R:R is nice
Near middle of mild bullish channel. Slopes of ema50 and ema200 are nearly flat. Watch $GPRO as well for additional guidance. Still early, might find a better price after earnings. Obey your rules.
We could see some serious movement in the next month or so, maybe mid May. Looks like we may be upon a squeeze, watch for the break through and ride it for what it's worth!
This is a credit spread / non directional option strategy
Wedging down Triangle. Bullish Divergence in MFI, RSI & MACD. Bullish Crossover on MACD
AMBA broke through it's last strong support. Earnings are approaching but AMBA is trying to do it's best form of a double bottom potentially. Another accumulation phase? Maybe If you want to learn more about Elliot Waves, here is my take on them. www.reallifetrading.com
Three gap pattern indicates exhaustion. Bullish divergence in MACD.
Monthly Bullish Hammer a close above $80.23 in Feb needed for confirmation.
Lower Low, but Higher MFI, indicates Bears are exhausting. High possibility of trend change imo
A few got stopped out of a LONGER term swing. GPRO hit hard today and this gap on AMBA is NOT bullish...
Acc/Dis line indicates significant accumulation at these prices
Ambarella Inc. has a very nice trade setup in the daily chart. We can enter at market with a tight stop, so I think it's worth it to take this trade. You could initially book partial profits on a daily high retest to make the trade risk free and aim for the time and price target on chart. Estimated time of arrival is by December 31st or sooner. Good...
AMBA announces earnings tomorrow after market close, so look to put on a setup before NY close to take advantage of post-earnings volatility contraction. Goin' with the standard 1 SD short strangle: Dec 11 50/71 short strangle POP%: 76% Max Profit: $160/contract BPE: ~$606/contract BE's: 48.40/72.60 I'll be adjusting my strike prices depending on how much...