ANET Trade
ANET Short-term Trade :
Entry: Look for a bounce near the $327-$328 level, especially if the price manages to reclaim the 20-period EMA. Consider a short-term buy if the RSI starts rising and the MACD shows positive momentum.
Target: $336 (next resistance at the 50-period EMA) and $340.
Stop-Loss: Below $325.
Medium-term Trade :
Entry: Wait for a confirmed bullish crossover of the MACD and a move back above the 20-period EMA (around $330-$336).
Target: $350-$360 (next key resistance), assuming the price reclaims the 20-period EMA.
Stop-Loss: Below $320.
Long-term Trade :
Entry: Consider buying on dips, especially if the price finds support near $320 or at the 100-period EMA on the weekly chart, which is currently at $281.
Target: $360-$380 within the next 6-12 weeks, assuming the price maintains the long-term uptrend.
Stop-Loss: Below $300 (a break below the 200-period EMA would signal a potential trend reversal).
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.