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...
AMBA could see a Fast Ball continuation move to the upside during the Tuesday session. We will look for a breakout of the Monday high with confirmation prior to entering any long position. NASDAQ:AMBA
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 leave a like if you find this of interest Follow for more trade ideas As always comments are always welcomed and appreciated :) Take care
AMBA is getting close to show us which way it will break out of that flag.
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...
eyes on earnings next week there is a good chance for some long and short trades here. price has dropped pre earnings and bounced nicely off the 61.8% retracement and trading above its moving averages. a positive earnings report and we could enter long trades with targets around ab=cd, bat completetion where we can look for short.
Still long , low volume selloff. This goes higher if markets support , which they will.
if company can get act together. Retest of 75 me thinking now
Stops taken + break in market structure to the upside + return to weekly order block = Very Bullish.
We have classic bearish 5 waves pattern with an ending diagonal trangle in wave 5. An ending diagonal is a special type of pattern that occurs at times when the preceding move has gone too far too fast. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.