Ambac Financial Group Inc (AMBC)

[chipperjones]

I still like this - I think chart looks really good.

It has set a higher low for 3 straight days now, and despite selling today it hasn't dipped below .074. Friday's low was .072.

Like I said before, it's trading in a tight range the last few days and has hit resistance at .08ish 3 times now. In my experience when a stock repeatedly hits resistance and gets knocked back down, once it finally does break through it makes the breakout that much sweeter.

All we need now is a little buying volume to come in this afternoon, and I think once this does break through the low .08's we see a dime easy.