A8B trade ideas
(D) Could be it's bottom assuming fundas and guidance are goodNear 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.
AMBA Squeeze?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!
Will ER Take us to $53 or back to $33.39?Recent 35% gain was not a joke and still remains bullish to me but earning is coming in 7-days and everything can fall apart and take us back to Feb low but that shouldn't scare us to exit this position but scale it down.
AMBA Possible BounceLooking for a bounce in AMBA; but not a full blown rally yet. This level looks good to me.
AMBA -- In bonus territory on fib retraceDowntrend resumed with vigor
Past 1.0 fib retrace
Into bonus territory
Next major support ~34.16
Don't try to catch this falling knife
amba updatedbreak below wedge - bad sign but on a low vol day gives the move less impact on my conviction. Looking forward to getting back to regular action in the new year.
updated amba chartlike the way its acting. constrained ascent, large short interest. could break below pitchfork but a confirmation above wedge over 61, into next pitchfork lines and toward the first fib line could setup a decent squeeze.
AMBA - Sideways on weekly and monthly; channel on hourly* Sideways on weekly
* Sideways on daily
* Upward channel on hourly
* Watch resistance around 62
* If AMBA breaks, should retrace to 68
AMBA - At the end of sym triangle* Market in correction
* AMBA in correction since July
* Which way will AMBA break out of this triangle?
* Next swing support points around 50 and 45.50
AMBA: Time at mode uptrend and retracement entryAmbarella 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 luck.
Cheers,
Ivan Labrie.
