There is light at the end of the very dark tunnel at long last for AMBA investors, 2015 highs of $115 are still a long way ahead. In our opinion the stock has found a bottom and is on the crest of a innovation wave. New product launches and partnerships have provided optimism with a more diversified revenue stream. Currently Analysts have a average Overweight...
They have gotten away from consumer electronic and involved in computer vision market. This is what everyone is getting into looks like. All the self driving cars need this tech. Future is bright. Key things to remember is that they still have tons of shorts and the expectancy is low for this qtr. Slight better numbers or guidance will send this 10% higher.
AMBA: The simple answer...Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display.
Love this long run on sentence and now you know why the dip. Await smart driving cars for growth as likely booster.
The company's system-on-a-chip designs integrated HD video processing, image...
AMBA, Set buy limit order with other cancels other for target/stop, still learning.
Position Size: 0.5% risk for 10k is 25 shares worth $1100.
Buy Order: 44.00
Stop Loss: 42.00
Time Frame: July 10th
AMBA stock appears to be finished "wave 4" up, the "wave 5" down is a good possibility with a target of 49.22 ; however, if AMBA breaks above "wave 2", at the level of 56.86, the short is cancelled, and the bulls takes control in the pilot seat. Wait for some signal of bearishness to enter. If AMBA breaks down the level of 49,22 for a good margin could go down...
A little different setup than I am use to, But I thought it was worth publishing.
We will reflect on this in a few weeks, stay tuned.
As a side note analyst have very high price targets on this equity. Ranging from $65 to $100
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As always comments are always welcomed and appreciated :)