TradingView
Xafada
Dec 2, 2015 3:25 AM

Failed Bullish Bottom May Still Remain relevent Long

Ambarella, Inc.NASDAQ

Description

Though price reversed from breakout candle but still managed to close above previous low but the risk is very high. Many reasons not to believe today's reversal; first the volume was very light compared to yesterday's breakout candle, second the price managed to hold above yesterday's low and finally closed above 1% from today's low. This bullish diamond was confirmed yesterday and still remains intact. It will be invalidated if the price falls back to the diamond which is below $58 area. If u want a real time alerts go 2waytrading.com
More