Patterns Are Important

Today I sold AMBA in my Strategy 3 portfolio.  Why?  Because in 6 weeks the stock moved 17 points higher or more than 30% into the earnings release after the market closed today.  The pattern suggested the stock would form a short term top at about 72 and then correct.  AMBR had a fine earnings report and beat the forecast.  That said, the rise of late indicated the BEAT was already in the price.  So the pattern suggested taking a nice profit and that is precisely what I did.  In after hours trading the stock was down over 4%. To learn how to do this yourself…let me help you by clicking here