AMBA is currently moving sideways; I suggest exiting now and buying back in at 71.
- 71 (50-week SMA).
- Historically, it might break out from here and retest the 50-week SMA. If it drops further, just hold—since it's in a sideways pattern, it will likely return to the 80 range eventually.
- Consider buying a small position to hold; this could be the formation of a bottom.
- 71 (50-week SMA).
- Historically, it might break out from here and retest the 50-week SMA. If it drops further, just hold—since it's in a sideways pattern, it will likely return to the 80 range eventually.
- Consider buying a small position to hold; this could be the formation of a bottom.
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Disclaimer
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.