stocktrademan
3 años hace
Yes my newest toy (perhaps not now) is to combine high market cap blue chip stocks ranked by ADX to consider. This one is great. I looked at ADX earlier and learned everything about it and thought it was so-so. It was because I was looking at all stocks of all market caps, instead of the ones that are major companies. Wall Street has too much money to focus on stocks less than $5 imho, they need to members of a major known index.
I learned ADX rank from Jeff Cooper's book "Hit and Run Trading" and also noticed ADX usage from Linda Raschke "Street Smarts" material. All those free licensed studies in Thinkorswim are a big bonk on the head to learn and use them to me. But the hidden bonk on the head was to think like Wall Street and stop trying to make them work for stocks under $5 or so.
So now I just rank the Russell 2000 by ADX since they're all high value market cap stocks worth more than any even large trading participant. It's like trying to punch a side of a freighter with a fist. The trend or ship direction won't change at all.
About the Russell 2000 list. I noticed that is what what other millionaire traders are using as a base list. ADX is used by other millionaire traders that do not give a base list (wonder why). Anyhow so I will combine the two. So if it works, use it and rank by ADX. Then I look for a trade knowing that the trend is your friend of course managing the trade with at least a simple trend line. This is so simple now.
https://stockcharts.com/c-sc/sc?chart=AMBA,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
stocktrademan
3 años hace
AMBA buy 152.54
https://finance.yahoo.com/quote/AMBA/profile?p=AMBA
https://www.barchart.com/stocks/quotes/AMBA
https://finviz.com/quote.ashx?t=AMBA
https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=AMBA
https://stockcharts.com/c-sc/sc?chart=AMBA,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
https://www.barchart.com/etfs-funds/quotes/AMBA/technical-chart?plot=CANDLE&volume=toAMBA&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=AMBA&grid=1&height=500&studyheight=100&timeframe=2%20Months
normal chart
log chart
normal chart
log chart
HokieHead
4 años hace
Took a long term position this week, best semiconductor stock in the market. New deal with Amazon AWS in January. Incredible new chip technology, like hitting Qualcomm in inning one. Crazy AI chip..
Recent target raised to $160:
Berenberg reiterated its “buy” rating on the stock. Analyst Andy Buscaglia raised his valuation estimate from $87 to $160.
“Our AI vision portfolio is well positioned for the megatrends around security, safety and automation, and the pandemic appears to be accelerating the digital transformation,” said Fermi Wang, President and CEO. “We are announcing a significant automotive revenue funnel and providing a strong CV growth outlook. We have also recently added new CV customers in Asia, expanded our organization and strengthened our position in high volume markets with the introduction of CV28.”
ITMS
6 años hace
Ambarella $AMBA Reverses Early Rally, Watch Out!
Last night, leading semiconductor stock, Ambarella Inc (NASDAQ:AMBA), reported earnings that seemed to be celebrated by investors on Wall Street. Unfortunately, the stock has reversed its early pre-market gains. The stock is now flat on the session trading at $39.75 a share. Traders should note that this stock has been weak since May 22, 2019 when news broke that the company could be adversely affected by tariffs and possible blacklisting with one of its largest customers. At this time, this stock looks poised to ultimately trade much lower on the charts. I will be waiting a few days to see how this pattern plays out before buying put options on this stock. The next major support level for AMBA stock will be around the $31.00 level.
Nicholas Santiago
InTheMoneyStocks