Making Moves With Merlin

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.

amba

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!

 

-Merlin

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