Artista breakout long Nice break of double resistance and downtrend line. Big gap 259.30 to be filled
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 Arista Networks - reversed head and shouldersIf it breaks the neckline and holds above (outbreak getting confirmed), possible run to the old ATH.
Looks like a solid chance right now.
Keep in mind that's only my opinion and no financial advice, do your own research and analysis!
$ANET Arista Networks approaching Downtrend
Long tern channel well respected , price is currently in local golden pocket resistance.
Alert set for $214
Upside target $222 / $242
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 cet up for major break $ANET
The 1 year correction is showing signs that it may be over.
Indicators turning bullish
Buyside dominance, but higher volume required.
Product demand increase
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 reversal set to continue
possible entry level $236.35
Target price $270.36
Stop loss $227.61
ANET Earnings 2/13 AMCSomeone remind me to buy puts next week please...
Guidance always sucks, yet the stock melts up because investors have not grasped that it is no longer a growth company.
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.
Update on ANETANET has filled the retrace target and brown the down trend wedge. Good bullish action today so a full ER gap fill is possible.
Arista Networks Gap trade setupEntry level $ 200 = Target price $241 = Stop loss $193.25
Will be very aware that a fail is also very likely could get a false breakout so trailing stop loss a must.
Fundamentals have not changed earnings were ok but guidance was terrible.
Technically the stock may have found some support and any good news from Trade could ignite a massive rally.
Arista Networks trade setupPossible entry level $226.33
Target price $2345.10
Broken through Fibonacci resistance.
Gap fill trade still on the cards longer term.
Arista Networks has 13% upside potential the stock has made a fabulous reversal after the post earnings selloff and it looks set to continue when the current Fibonacci retrace level is crossed.
The gap fill is in process but it has remained a slow grind higher which is encouraging rather than a frantic spike resulting in mass selling and profit taking.
Arista Network Filling the gap 14% more upside Fantastic reversal off the lows by ANET which suffered a severe sell off post earnings.
Up 22% from then and has traded withing a nice channel.
We believe the next move is to the upside of that channel and the Fibonacci Golden pocket retrace level.
