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!!!!
Note
POSITION CLOSED HIT THE STOP LOSS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.