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Analysis: #NASDAQ $AMBA

Case 194 #Ambarella Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#AMBA 1/4
Chart 1
Weekly Chart: Trading has been confined in a 4 year range approximately 74.00 - 32.00 and price has broken below the Nov. 2018 #trendline and now targeting 36.20. A close below latter will eye 31.30 and then .....

AMBA 2/4
..... 28.40. The SMAs are negative and pointing down, resistance begins at 47.80 (2018 trendline) then 52.90 - 53.80 (#Pivot, #Fib and #SMA 200).

AMBA 3/4
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