AMBA trade ideas
Bullish SharkAMBA, Set buy limit order with other cancels other for target/stop, still learning.
Position Size: 0.5% risk for 10k is 25 shares worth $1100.
Buy Order: 44.00
Target: 48.00
Stop Loss: 42.00
Time Frame: July 10th
SharkAMBA, set other cancels other order for target/stop prices, still learning.
Target: 55.00
Stop: 50.60
Time Frame: Feb 14th
AMBA READY TO START WAVE 5 DOWN- IS A SHORT AMBA stock appears to be finished "wave 4" up, the "wave 5" down is a good possibility with a target of 49.22 ; however, if AMBA breaks above "wave 2", at the level of 56.86, the short is cancelled, and the bulls takes control in the pilot seat. Wait for some signal of bearishness to enter. If AMBA breaks down the level of 49,22 for a good margin could go down to 42-40 level. Good Luck!!!!
AMBA has the potential to move higher on TuesdayAMBA could see a Fast Ball continuation move to the upside during the Tuesday session. We will look for a breakout of the Monday high with confirmation prior to entering any long position.
NASDAQ:AMBA
Weekly Trade Idea A little different setup than I am use to, But I thought it was worth publishing.
We will reflect on this in a few weeks, stay tuned.
As a side note analyst have very high price targets on this equity. Ranging from $65 to $100
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As always comments are always welcomed and appreciated :)
Take care
AMBA short at low eps estimatesBattleground: Morgan sticks by Ambarella after guidance cut, two downgrades The shares of Ambarella (AMBA) are tumbling after the chip maker reported stronger than expected quarterly results but cut its guidance. Two research firms, Craig-Hallum and Roth Capital, downgraded the stock on the heels of the report, but Morgan Stanley remained upbeat on the company's outlook in providing technology for computer vision applications. RESULTS: Ambarella, which develops chips used in video systems, reported second quarter earnings per share of 48c, versus the consensus outlook of 44c. Ambarella's revenue came in slightly higher than expected. However, it now expects its full-year topline total to fall 3%-7%, versus its previous guidance for it to come in between a decline of 3% and an increase of 3%. The company said it expects its revenue from the drone market to fall for the rest of the year. DOWNGRADES: Craig-Hallum analyst Richard Shannon cut his rating on the stock to Hold from Buy. The company reported "solid" results and guidance, driven by strength in its security and auto markets, though it is facing "headwinds" in the drone market that "will likely take a few quarters to improve," the analyst stated. Moreover, the company is increasing its investment in computer vision chips and the outlook for the sales of such chips is uncertain, Shannon said. He noted that the company believes that strong demand for the low-cost DJI Spark drone, which does not utilize Ambarella's chips, could be negatively impacting the sales of higher cost drones that do incorporate its products. The analyst does not expect Ambarella's revenue from drones to rebound quickly and he thinks the shares could remain "in a range for some time." He slashed his price target on the stock to $50 from $68. Roth's Suji Desilva cut the rating on Ambarella to Neutral from Buy. The analyst expects the company to continue to benefit from growth in its sports wearable, security and auto markets. However, the prospects for its drone market are particularly uncertain, the analyst stated. Desilva said that he "would wait for increasing stability in core demand markets" and increased visibility in demand for Ambarella's computer vision products before becoming more bullish on the stock. He cut his price target on the shares to $50 from $65. MORE BULLISH MORGAN STANLEY: Analyst Joseph Moore significantly lowered his fourth quarter and 2018 estimates for Ambarella. However, the analyst said he was encouraged by the company's comments on its computer vision products. He noted that Ambarella plans to provide samples of the products to its customers next quarter. Although Moore doesn't expect Ambarella to obtain revenue from the products until late next year, he thinks that investors could become enthusiastic about them "given the importance of machine vision," and he believes that a successful launch of the products could boost the stock. Moore lowered his price target on Ambarella to $60 from $65 but keeps an Overweight rating on the shares. PRICE ACTION: In morning trading, Ambarella sank 20% to $43.42. GoPro (GPRO), a prominent customer of Ambarella's chips, is flat at $9.21 per share, off its earlier session highs.
amba - advanced confluence possible long and short eyes on earnings next week there is a good chance for some long and short trades here. price has dropped pre earnings and bounced nicely off the 61.8% retracement and trading above its moving averages. a positive earnings report and we could enter long trades with targets around ab=cd, bat completetion where we can look for short.
Hugging the hourly trendStill long , low volume selloff. This goes higher if markets support , which they will.
This type of consolidation has massive upsideif company can get act together. Retest of 75 me thinking now
AMBARELLA LONGStops taken + break in market structure to the upside + return to weekly order block = Very Bullish.
ENDING DIAGONALWe have classic bearish 5 waves pattern with an ending diagonal trangle in wave 5.
An ending diagonal is a special type of pattern that occurs at times when the preceding move has gone too far too fast.
In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
Buy AMBA around $44 for short-term bounceAMBA is oversold, and buy it around $44 for short-term bounce.
