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AMBA, Ambarella Inc

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AMBA, Ambarella Inc

Postby Exactrades » Fri Sep 06, 2013 9:14 am

AMBA is making a gap up into resistance levels on the daily chart.

Look to take AMBA short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If AMBA moves up at the open, simply set an alert at the low of day and take it short if it breaks that low of day. First target is $0.17 from your entry, second target is $0.34 from your entry.

Manage the last piece with a trailing stop. Remember to always use a stop.
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