The chart is still bullish and in a uptrend.
Await a move above 50 day moving average foe a possible buy signal.
Indicators have reset and revered.
May be a slight pullback to fill gap.
Stock sold off heavily on news of USA blacklisting 28 Chinese companies, may be overdone.
Short interest high @ 12%.
Market cap $1.73B takeover potential.
Company profile
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
Await a move above 50 day moving average foe a possible buy signal.
Indicators have reset and revered.
May be a slight pullback to fill gap.
Stock sold off heavily on news of USA blacklisting 28 Chinese companies, may be overdone.
Short interest high @ 12%.
Market cap $1.73B takeover potential.
Company profile
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.