How the (AMBA) price action is used to our Advantage
June 29, 2024, 16:56 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMBA
- Buy AMBA slightly over 46.47 target 56.37 stop loss @ 46.34 Details
The technical summary data tells us to buy AMBA near 46.47 with an upside target of 56.37. This data also tells us to set a stop loss @ 46.34 to protect against excessive loss in case the stock begins to move against the trade. 46.47 is the first level of support below 53.95 , and by rule, any test of support is a buy signal. In this case, support 46.47 is being tested, a buy signal would exist.
- Short AMBA slightly under 56.37, target 46.47, stop loss @ 56.53 Details
The technical summary data is suggesting a short of AMBA as it gets near 56.37 with a downside target of 46.47. We should have a stop loss in place at 56.53though. 56.37 is the first level of resistance above 53.95, and by rule, any test of resistance is a short signal. In this case, if resistance 56.37 is being tested, a short signal would exist.
Swing Trading Plans for AMBA
- Buy AMBA slightly over 56.37, target n/a, Stop Loss @ 56.21 Details
If 56.37 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 56.37, with an upside target of n/a. The data also tells us to set a stop loss @ 56.21 in case the stock turns against the trade. 56.37 is the first level of resistance above 53.95, and by rule, any break above resistance is a buy signal. In this case, 56.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMBA slightly near 56.37, target 53.73, Stop Loss @ 56.53. Details
The technical summary data is suggesting a short of AMBA if it tests 56.37 with a downside target of 53.73. We should have a stop loss in place at 56.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 56.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AMBA
- Buy AMBA slightly over 56.37, target n/a, Stop Loss @ 56.24 Details
If 56.37 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 56.37, with an upside target of n/a. The data also tells us to set a stop loss @ 56.24 in case the stock turns against the trade. 56.37 is the first level of resistance above 53.95, and by rule, any break above resistance is a buy signal. In this case, 56.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMBA slightly near 56.37, target 53.73, Stop Loss @ 56.5. Details
The technical summary data is suggesting a short of AMBA if it tests 56.37 with a downside target of 53.73. We should have a stop loss in place at 56.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 56.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ambarella Inc. (AMBA) available here: AMBA.
AMBA Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
37.08 |
| P2 |
51.77 |
51.75 |
46.47 |
| P3 |
53.71 |
53.73 |
56.37 |
AI Generated Signals for AMBA
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ambarella Inc. (NASDAQ: AMBA) data table below can help you with price action, and we have more details too. Trading plans for AMBA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMBA:
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