$ANET can rise in the next daysContextual immersion trading strategy idea.
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $228,25;
stop-loss — $219,70.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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ANET trade ideas
ANET is good demand zone wekly /Daily 214.3-204ANET is good demand zone wekly /Daily 214.3-204
cmp 213.26 14 Aug 2020 price is within the zone
Pro:
1. coinciding level weekly & daily
2.Origin of the long rally
Con:
1.SPY is at the all time high level, so it may reverse anytime soon. So , be cautious in long call
Cup and HandleEarnings are 8-5
Short percent a bit higher than I like..but today the market feeels like it is caving in..but tomorrow is another day
stop under 223
Not a recommendation
I know they say you should buy when the market is down. This stock is up today. I do not know about most folks but for me it sure is hard to buy when it is storming outside. I am trying to get better and buy on down days such as today....and to buy stocks only when they are red, and not green that day
Does anyone else have this problem? LOL I read some guy's chart/post today and he was ranting about a W bottom and that the VIX is going sky high! The vix is up a couple of bucks but I am hoping that it is not another crash! And not every stock is off the bottom yet. I have been looking there more and more as of late..and at utilities as well
Good luck.
ANET - Pay AttentionAll, I think alerts should be set on this one this could be a trend reversal with all the support below if not possible drop to 190's or mid 180's then to bounce back up and break that line. I do see a possibly trend reversal coming up here in next week or two. Set some alerts to break below 183ish or break above 216-217 area. I would be very careful trying to buy put options here seeing as some of these supports are big ones.
Patience on this stock and I think you could get some big returns if the call option is placed correctly.
Arista Networks Risky long into earnings
previous earnings report resulted in a savage drop as the guidance was particularly negative.
The stocks has recovered well but tomorrow we will see if that is warranted.
Very volatile stock post earnings so great caution and high risk.
Earnings tonight from Cisco add to our apprehension.
Arista Networks Next trade setup 35% gains Banked
Has been a fantastic trade of the bottom with over 40% possible gains.
Stock gaped up on reports regarding the company acquiring Big Switch Networks.
Previous earninsg report was terrible and the conference call was very pessimistic regarding data center spend, INTEL may have shown us a hint that may have changed.
$231 a possible entry level on gap fill, if not we await the next break above resistance to trade the next large gap on the chart.