NASDAQ:AMBA #Ambarella
is currently testing a significant level. The lower wedge of a 10 years old extended channel . This is the 6th time the band is being tested. Even though testing a wedge several times weakens it. However, below it is almost a technical free fall zone to the 11: 12$ mark.
Keep it simple.
#AHMEDMESBAH
The price is nicely breakout the last LH and 50WMA
With an increase of volume
the RSI is positive and confirmed
with a good divergence.
So I will open long on monday at 58.
Price is currently retesting the previous range which has turned into support. Longer term play would be to hold towards 83 USD with a stop loss somewhere below the previous range.
This triangle has broken to the downside.
Oversold on RSI, but securities can remain oversold or overbought for extended periods of time. If you buy using oversold status alone, you will most likely lose money.
No recommendation.
If you haven`t bought AMBA here:
Then analyzing the options chain and the chart patterns of AMBA Ambarella prior to the earnings report this week,
I would consider purchasing the 66usd strike price Puts with
an expiration date of 2023-9-1,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at...
Looking at the AMBA Ambarella, Inc. options chain ahead of earnings , i would buy the $80 strike price Calls with
2023-1-20 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
A Megaphone Structure
I expect price to dip down to the dotted white line and then recovery within the megaphone or broadening wedge
Bullish pattern, price should return within the megaphone
Daily Chart
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
![AMBA: [Weekly] $AMBA #Ambarella is attractive.](https://s3.tradingview.com/j/JMo3C3wG_mid.png "[Weekly] $AMBA #Ambarella is attractive.")
