Ambarella, Inc. (AMBA)

[thetechtrader]

Harry has posted Charts of the Day video on AMBA at TheTechTrader site noting: Ambarella, Inc. (AMBA), which had a double-top up around 125-28, came down hard into the low 30’s. It appears that it built a nice base, and the declining topsline has been taken out. It has been up now for ten days in a row. Tuesday’s action was very positive in that it was up another 1.92 to 48.47, or 4%, on 1.6 million shares. With 10.5 days to cover, we may yet get to see this stock get up to the 52-4 range, maybe more than that. If this is a breakout, the downtrend may have been reversed.