ANET is in a strong trend and is potentially pulling back to price based support levels.
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.