Updated

ANET at new ATH but heads up into $390: key barrier before $421

ANET broke out to new All Time HIghs.
Now approaching a significant resistance.
This would be a good place for a retrace.

$ 386.64 - 393.84 is the immediate resistance.
$ 421.10 - 423.73 is the stronger barrier above.
$ 345.33 - 348.18 is the first good support below.

Trade closed: target reached

BOOM

$42x.xx Target hit, EXACTLY (of course).
(yellow shaded part is from posting time).

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Zoom IN (m15)

Perfect Reaction at our pre-mapped zone.
Remember, we have NEVER been here before.
Yet the fibs projected ahead to show barriers.

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Closer look at the dip:

Pull back to previous ledge which may hold.
But it was pierced, so cant count on it yet.
Nce Confirmation of upper bound to watch.

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So we watch $393.84 for key support.
Stop loss below lower bound of $386.64

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Trade active

Still holding key zone

(yellow shaded part is from posting time).

.

Zoom in with all local fibs:

$ 399.32 needs to be flipped to support asap.
$ 382.74 double bottom but wont hold again.

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Still looks bullish but also looking top-ish.
Watching $182.74 as Double bottom or Doom.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag