How the (AMBA) price action is used to our Advantage
February 18, 2024, 06:18 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMBA
- Buy AMBA slightly over 51.97 target 62.18 stop loss @ 51.82 Details
The technical summary data tells us to buy AMBA near 51.97 with an upside target of 62.18. This data also tells us to set a stop loss @ 51.82 to protect against excessive loss in case the stock begins to move against the trade. 51.97 is the first level of support below 53.35 , and by rule, any test of support is a buy signal. In this case, support 51.97 is being tested, a buy signal would exist.
- Short AMBA slightly under 62.18, target 51.97, stop loss @ 62.36 Details
The technical summary data is suggesting a short of AMBA as it gets near 62.18 with a downside target of 51.97. We should have a stop loss in place at 62.36though. 62.18 is the first level of resistance above 53.35, and by rule, any test of resistance is a short signal. In this case, if resistance 62.18 is being tested, a short signal would exist.
Swing Trading Plans for AMBA
- Buy AMBA slightly over 53.52, target 56.36, Stop Loss @ 53.37 Details
If 53.52 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 53.52, with an upside target of 56.36. The data also tells us to set a stop loss @ 53.37 in case the stock turns against the trade. 53.52 is the first level of resistance above 53.35, and by rule, any break above resistance is a buy signal. In this case, 53.52, 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 53.52, target 51.97, Stop Loss @ 53.67. Details
The technical summary data is suggesting a short of AMBA if it tests 53.52 with a downside target of 51.97. We should have a stop loss in place at 53.67 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, 53.52, 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 53.52, target 54.83, Stop Loss @ 53.4 Details
If 53.52 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 53.52, with an upside target of 54.83. The data also tells us to set a stop loss @ 53.4 in case the stock turns against the trade. 53.52 is the first level of resistance above 53.35, and by rule, any break above resistance is a buy signal. In this case, 53.52, 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 53.52, target 52.38, Stop Loss @ 53.64. Details
The technical summary data is suggesting a short of AMBA if it tests 53.52 with a downside target of 52.38. We should have a stop loss in place at 53.64 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, 53.52, 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 February 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
42.25 |
| P2 |
52.38 |
53.52 |
51.97 |
| P3 |
54.83 |
56.36 |
62.18 |
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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