We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
OUCH!
Ugly top. Bear Flag.
AMBA is in the process of being annihilated after an earnings beat. Perhaps semiconductors just are not in the cards right now. Perhaps stocks with ugly tops are now being severely punished as well.
The support the prior gap could have provided has been violated.
Lessons learned: Take a very close look at your holdings and...
Amba does line up with an ABC bullish pattern but have noted some of these patterns are failing unlike they did in the strong bull market.
Negative moving averages but the 200 still slopes up. Trading lose to earnings is risky.
There is a gap under price.
There is a suspicious to which has already broken the neckline.
Bear flag noted and price has broken bottom...
I like the action today on $AMBA
* shakeout below 21 EMA
* filled earning gap
* tested 10 week MA
* Bounced!
Need to see it start making the turn at these levels
Semiconductor solutions and design company with accelerating EPS and the sales to support growth.
Breakout of very long term base going back to 2015 after earnings report in August. Showing very good volume characteristics. Relative strength breaking out to new highs with stock taking out its pivot point.
100bps initial risk, willing to add if it begins to move higher.
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The Inverse Head and Shoulders pattern on $AMBA is still intact. Price is also trading within a rising channel. Watch for a bounce to the upside.
Initial Targets: $106 | $111
$AMBA is very close to completing and inverse head and shoulders pattern. Price is currently trading at a significant structure support. Watch for a bounce to the neckline.
Earnings are over.
Possible stop under support level or C but is a bit too far a way for some.
There may be a resistance zone not far above price.
No recommendation
Price would need to break neckline in a confirmed downtrend.
Targets 2 39 to 23
No recommendation.
If price breaks the neckline, in an uptrend, this pattern would have failed as the neckline is now resistance. Bull markets and head and shoulders patterns do not co-exist well, so be safe.
Ambarella, Inc. engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
NASDAQ
![AMBA: $AMBA | Inverse Head and Shoulders Pattern [Update 1]](https://s3.tradingview.com/b/bX3qJ6yF_mid.png "$AMBA | Inverse Head and Shoulders Pattern [Update 1]")
