Long AMBA...Looking for Bounce off of 100MA and Lower Trendline
I am looking for AMBA to bounce off of its 100MA and lower channel trendline. I do caution that I believe we might see a flush through the MA and trendline before using it as support. With the gpro lock up, we might we support levels flush through before bouncing.
I have set up a buy target just below the MA and trend lines between 48-49. I have a tight stop of 47 because it is possible that we break total down in the near term.
This is a high risk trade. If we do bounce I think we get back up to the 50MA range for a retest
I have set up a buy target just below the MA and trend lines between 48-49. I have a tight stop of 47 because it is possible that we break total down in the near term.
This is a high risk trade. If we do bounce I think we get back up to the 50MA range for a retest
Kris "Maddog" Kagan -
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.