I just woke up from a long nap.
Forgive my lack of actions these past couple weeks, I came down with that killer flu virus everyone has been talking about.
Only now am I beginning to feel like a human being once again.
After taking a look at the landscape around me and making my initial analysis, I decided to buy some calls in AMBA
I like the spot here and feel it provides a pretty good entry for a move to the upside in the near future.
I bought AMBA Feb 55 Calls for .85
Here is the chart.
Does that most recent price action look at all familiar to you? It should because I trade charts that look like this all the time.
Let’s see just how right the ol’ Merlin is this time.
See ya later folks!