Just spitballing my idea of how I think this pair will behave. Bullish slant: Looking to buy 0.68 break or dip into 0.653 off wedge support. Bear: Would sell 0.645 Range set: 0.634 () - 0.687 (Dec'15)
I'm long from 250 back in June last year and looking for sensible entries to add for the long haul. The hope is a break above 450 and a chance to buy into a dip around 400.
Short at 2.10, SL 2.20, TP sub 1.95 (~1.87 level with trailing stop)
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.
Falling knife. Tanked from almost $70 now down to $19. Joining the bottoms from 2009 and 2011's low we could be sat on potential support at current level (note 18.50 the 2011 high) A whole bunch of gaps to fill above 19.75, 21.35, 26.50, 33.77, 47.57 Keeping an eye out for a bounce to try to catch the knife !!!
While most folks are calling this the top we could be due one more leg higher. As part of the wedge set up last Friday we ran up and bounced between 1.618 and 2.618 levels. Interested to see how price reacts around 0.5. We could see a rally at least back up to the broken trend line or beyond. If we break below 47.20 I'm joining the bear camp.
As we inch in closer to the Olympics I've dug out one of the biggest property developers in Brazil to see where it could head. Bull case Broken out of long term bear trend line (red) and shorter term (black) Put in a higher high this year
Some serious volatility potential on this stock coming up. We have gaps up to $7 and down to $4. Golden question is which get filled first. Jan/Feb'16 up to $7 Q3'13 down to $4
I still haven't come across any compelling justification to get long besides my technical read. Most fundamentals, crop yields, weather all appear to suggest we go further south but we are now in my buy zone
Anticipating rally back up to $74 to put short on.
Break of trend line could lead to violent jump in price.
Could be useful into 5.70 - 4.50 levels.
Remember how happy with myself i was back in 2010 when I closed out all my company shares on leaving. Stoked to get out around the highs of the year at about $42. Starring at them now at $115... Yeah should have trusted in my ex colleagues and held them !
Currently long at 16.83 but hoping for a melt down. If channel breaks south will be exiting long and looking to get short targeting to fill 12.60 gap and then prep for 4-5x long position.