$ANET pullback buy setupNYSE:ANET presenting a possible pullback buy to start scaling in ahead of a potential cheat breakout later on.
One I will be watching heading into next week.
ANET trade ideas
ANET: Ascending Triangle, Not confirmed (35,79%)(2/1000)(2/1000)
Ascending Triangle for ANET. Not Confirmed yet.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation of the triangle (last half)
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA flat but 200MA ascending.
Cons:
1- ATR is descending/flat, less volatile
2- Triangle not confirmed yet
Target price is 232,05$.
Again, stay humble, have fun, make money!
MAAX!
ANET setting up a potential bull flagNo potential long (for me) until it can break the trendline and flip it to support but one to watch.
ANET Entry, Volume, Target, StopEntry: when price clears 178.36
Volume: with daily volume greater than 6.35M
Target: 206 area
Stop: Depending on your risk tolerance; 169.17 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
ANET - Entry, Volume, Target, StopEnter when price clears 171.44
With daily volume greater than 3M
Target: 214 area
Depending on your risk tolerance: 157.23 gets you 3/1 Risk/Reward but it's over 8%, I would consider a stop below the low of the candle before the break above 171.44, or something near that.
This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
ANET , LONG Bought the bull flag on ANET / wedge pop
Earnings is monday AMC but so I am literally giving it a monday to hopefully move enough to hold a bit . 1.5 R gives me 1/4 carryover, 1R gives me a 1/6 , anything under that is just going to be sold . I have done the math on this and it allows for a 4 R gap down unscathed ... if earnings reaction bad ...
In my opinion 1.5 R , sell 3/4 , hold 1/4 is the best , holding 1/4 your balance still needs to go 4X 1R to equal 1R , so I sort of feel like its feels like a good bare minimum threshold level to carry over a responsible amount whereas 1R could work but then your balance needs to move 6R to equal 1R . For me , personally , I think that I will gravitate to 1.5R sell 3/4 , hold 1/4 , as a more typical procedure but still figuring it out ....
Time for a hike for me now , have a good weekend ~
QQQ note :
Maybe next week we might actually break up too , back in the trading range breakout mode on QQQ again for now . So far with this multi week range , Al brook 80 % rule has really been spot on , that being that 80 % of the time trading range breakouts fail to have follow-through looks like we might close at the top again today , which would mark the third attempt at a breakout , none of the breakouts up or down have worked so far ... will this one be the 20% or the 80% , guess its better to expect the 80% but man would it be nice to get the 20 %
ANET - LONGRecent TT's breakout that also has some pretty darn impressive earnings and sales to accompany ... Brought in after-hours ...
Market and General Notes
Comeback day for market from what many bears probably saw as a short QQQ setup per yesterdays close but 80% rule ( 80 percent odds of failed breakout and range resumption ) . In turn bulls pushed QQQ up and over the range but now once again odds favor range resumption , would love to see the 20 % chance that we follow-through on todays move though and push up and away from the 6 day range ... to date . If tomorrow bulls can push and get us out of this range that would be nice :)
Was stopped on SMH today and semis showed weakness vs QQQ , not ideal , but unless it breaks key levels trying to focus on that and MCHI as ETF names I'd like to play . ELF/LW/XLC all performing well .
IG net short positioning remains crazy high
France 40 Hits 90% net short .WOW
Dow jones 72% net short
SPY 64%
Then per futures positioning commitments Dealer positioning is net long and lots of leveraged money to the short side . I will bet on the dealers money ~
ANET: With a Breakout, a Clear Transition to the Advance ZoneArista Networks, Inc. broke its key resistance and entered the advance zone on strong earnings growth.
It stayed trapped in the price channel ($100-$140) for more than a year due to the downtrend in stock markets. But now with good volumes and steady growth behind it, it's taken a big step.
ANET's revenue grew 49% (TTM) and income 61% (TTM) and is expected to continue its growth momentum.
This cloud computing stock is a very good pick over the long term.
ANET - Resting for a WhileANET is resting for a while in its accumulation zone.
This cloud-computing company experienced a boom in 2021 when its price doubled. However, by the start of 2022, it has entered accumulation stage after witnessing a brief failed decline.
FUNDAMENTALS OF ANET
ANET has impressive fundamentals. Its financial results are better in every quarter than its previous quarter - a key indicator for a multi-bagger company.
Its revenue grew 42 % in TTM while its net income saw a rise of 48% in TTM. Company has high margins and negligible debt, making it resilient to deteriorating financial conditions and interest rate hikes.
WHEN TO BUY
Once ANET is out of accumulation zone with increasing volumes, that's best time to buy it.
Arista Networks $ANETI am looking for a pull back to get in. This is my set up at the moment.
Entry; $110.47
S/L; $107.55
TP1; $116.31
TP2; $125.07
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
$ANET Could be Setting Up$ANET been on my list for few weeks now. Been trying to find a good entry but she is messy.
Friday inside day is the "best" low risk action in a while.
That said, the volume pattern @ the far right of the chart doesn't look optimal.
Not sure what i'll do yet but here it is.
megaphone down1. MONTHLY - nice double top and break of higher low --> now testing higher low
2. WEEKLY - following trendline down
3. DAILY - looks like a megaphone is forming...nice trapping inverse hammer
I'm looking for the gap to fill and then dojos or wicks...any weakness under that monthly line before more shortage
Ugly TopBearish Cypher.
Possible targets down in orange type with T1 in larger type.
NO recommendation.
Short for the longer term//strong stock that is still above the .382 of the trend up.
$ANET with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ANET after a Positive over reaction following its earnings release placing the stock in drift B.
ANET Short PlayANET broke all relevant moving averages to speak of. Potential short using the closest relevant moving average as your covering guide.
Wait for a reversal in the support zone for new move upWait for a pullback to expected Support zone. Reversal to resistance level 1 & 2. Risk 8%. Reward 24%.
$ANET with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ANET after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
ANET cup and handleHey folks, happy weekends! Here is another great stock to keep on your watchlist for trading purposes!
$ANET Pretty TightI booked my profits on $JNPR pretty much almost at the high of the recent run up (just luck).
Will most likely be putting that money into $ANET next week.
* Held up much better than $JNPR on the pullback
* Putting in mini coil setup
* OBV making multiple NHBP
Arista Networks | ANET | Short to SupportArista Networks ( NYSE:ANET ) with a head and shoulders pattern and large gap to fill below. Insiders continue to dump shares. In the past two months, they sold $132 million worth - $75 million of this total just in the first 7 days of March (source: OpenInsider).
P/E 45.80x
With the Federal Reserve meeting and OpEx next week, this may gap fill and retest support in the coming weeks. The 200 EMA (green line) served as support in February, but $100-$105 may be the true areas it wishes to test. A complete breakdown could put this at $90. However, if it breaks the white resistance line in the near-term, it'll need to soar through $131 to show a true reversal.
US Stock In Play: $ANET$ANET sliced through the series of VWAPs highlighted earlier, at the back of 5 consecutive sessions of higher close. also trading outside of its 4 months DTL.
currently just trading beneath the $134 major pivot, its last key resistance level. looking prime for a takeoff.
$ANET building a base$ANET building a nice base. Love to see this one pause next week.
In the same Computer Networking group as $JNPR (you know I am already in that one).
Note the blue skyscraper volume markers on weekly. Ya, they are buying this.
ANET | ForecastJournal Entry
Bias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Brave🗽
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: ..
Position: Short term swing trade.
Notes: I'm anticipating an earnings surprise.
Other: ..
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
About the Author:
I strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. "Please remember to comment, like, share, and follow me!"
About the Security: "Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System (EOS), a set of network applications and Ethernet switching, and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA."
