$AMBA is showing textbook bullish setup right now. We're seeing clear bullish divergence forming with Leledc exhaustion signals flashing on the chart—that's the kind of confluence traders live for.

Price action just dipped to test the 200-day moving average and hit the 0.5 retracement level, which happens to be where liquidity pools sit. If we can sweep those range lows and reclaim the 70 handle, the next target is probably range highs around 80. That's solid upside potential in the near term.

For the options crowd, there's interesting flow activity brewing with May 15th 80-strike calls. Worth keeping tabs on—could be institutional positioning building ahead of the expected move.