Chart Patterns & Algorithmic Trader (Sep. 21, '20) (56)
AMBA ABC Bullish Pattern
s
Reviewed in CPAT 7/13/20
Ambarella Inc (AMBA) is trading in an ABC Bullish pattern on its daily chart above the
long entry-level of $46.43. ABC Bullish patterns are valid only when price closes above
the entry level with the confirmed up trend. Enter a long trade above entry-level with a
stop below $43.68 (-$2.65). Targets are placed at Target1 Zone $59.8 to $64.2
and,Target2 Zone $76.9 to $86.0.
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