0HHR trade ideas
Break of 202.50 might have room to run.Break of 202.50 might have room to run. Looks like the shorts failed with the long tail on Friday.
ANET - Earnings play with possible H&S, $145 September PutsPossible Earnings Play. Insider selling as well as a break down with possible H&S. Reports after market Thursday August 3rd.
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Possible H&S, Option play on earnings
Entry Target Criteria- Would look at $145 September Puts - Currently 10.10
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ANET
The increase in revenue each quarter + strong performance of the sector + new historical maximum. The further growth of this stock can prevent unless the bear market. Breaking bull flag is a good point to buy
ANET new ATHArista Networks been one powerful stock clearing its ATH today bucking the weakness in Nasdaq stocks. Bodes well for the target 30 points higher to 115-120.
ANET - Quick short from 72.87 to 70.13
ANET - Short
Trade Logic: Insider selling, Quick SHORT trade from around upper channel line towards Lower channel line.
Entry: 72.87
Target: 70.13
Stop-Loss: 73.53
You tube link: drive.google.com
Time Span: 5:35”
ANETStrong new company with great fundamentals and set up with cup formation...look to buy and a nice potential for a 10 run
ANET- For Shorting its all about whether a bear channel shows up10-15 Now that the low risk short sell entry point has
passed (along with most others) what do we want to
look at on a bounce (when and IF that is)? The answer
can be found in the orange lines and the red resistance line. The answer is to watch
for a bear channel to build then upon completion its all
about a downside break of the orange lines AT THAT TIME.
What if the pattern doesn't build out? Then there is nothing
to talk about. No pattern no trade.
Trade at your own risk, these are not recommendations.
For informational and educational purposes only
