AMBA watch $44.95-45.40: Key resistance to break DownTrend

Apr 14

AMBA is struggling with a key resistance at $44.95-45.40.
Break-n-Retest could pop to the major hurdle of $50 round.
Key support for SL shield is the double fib at $42.84-42.96.

May 1

Trade active

Gorgeous Fibnastics!

(Yellow shaded area is from posting time on)

.

Zoom in (M15) for a closer look at PA around our fibs:

Absolutely PERFECT Pings from both sides of the Genesis fib.
All Humans/Bots/Indi's have recorded those reactions.

.

The last bounce ALMOOOOOST hit the sister fib above:

And that one is a "Golden" Genesis (11.089 = 1.618 ^ 5)
Paired with a Golden "Covid" fib, that is a very strong zone.

.

That may have been a local top.
Let's see how the retrace goes.

======================================================

.

May 30

Trade closed: target reached

BOOM! Final Target hit and THEN some

(Yellow shaded area is from posting time).

.

Closer look with trade notes:

Closed 25% at each of TP 1 and 2.
SL then got hit on another 25%.
Final 25% with SL at BE to hold

.

I will try to hold the 25% as a "free" add to my portfolio.

======================================================

.