Dec. 10 at 4:33 AM
Actionable Trade Alert for
$AMBA:
Market Context: Currently,
$AMBA is trading at
$78.25, below both the 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. The RSI at 44.74 suggests that the stock is neither overbought nor oversold, allowing for potential upward movement.
Directional Bias: Given the proximity to the 60-day low of
$68.79 and the current price, there is potential for a rebound. However, the stock must break above the MAs to confirm bullish momentum.
Trade Plan:
- Suggested Entry:
$78.50 (slightly above the last close)
- Stop Loss:
$75.00 (below recent support)
- Take Profit Targets:
1.
$84.00 (target 1, +7.0% ROI)
2.
$88.00 (target 2, +12.4% ROI)
3.
$91.75 (target 3, +17.3% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor the stock closely for any changes in momentum.
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