0HI1 trade ideas
ARW - Arrow Electronics - buying opportunityDear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 110$.
100 - 110$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
ARW LONGWe are expecting the price to make new correction wave and retrace to the 50% fib zone. Stochastic Oscillator shows the stock is oversold, which indicates probable pullback to the upside. Also, the price is currently far below EMA, that is why we are expecting the price to rally.
Entry: 111.7
Invalidation: 107.51
Target: 119.01
Arrow Electronics $ARW could follow $TRNS and make the breakoutIn the IBD ranking, NYSE:ARW is number 9 in its industry. While NASDAQ:TRNS is number one, which already made the breakout and has a +20%. Since I missed that move I´m focusing on SET:ARROW .
The electronics parts distributor has made 3 higher lows and shows a pivot buy above $123.50. With a stop loss at $118.27, my target sell will be above $138. I´ll be waiting for the breakout to take a position.
I´d like to add that the some of the biggest ETFs holders have momentum and alpha seeking strategies. Like AMEX:LSAT , $ AMEX:MTUM , AMEX:QVAL and AMEX:BOUT .
ARW LONGArrow Electronics (NYSE:ARW) announced today that ArrowSphere, its award-winning cloud marketplace and management platform, was named a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021 report. Arrow was among a select group of companies invited to participate in the New Wave evaluation.
ArrowSphere "is the best fit for tier-two channel partners looking to boost their cloud business," the report noted, and "managed service providers and value-added resellers can use ArrowSphere to boost their cloud revenue by simplifying how they sell cloud services…." In addition, "Customer references liked the benefits they saw from increased speed and accuracy of creating quotes and modifying existing orders…."
ARW REPORTS EARNINGS ON THURSDAY, NOVEMBER 4, 2021
ARW insider selling - A short opportunity?ARW has seen significant insider selling since 22 May. A closer look at the TA could potentially reveal a textbook short opportunity.
What is happening?
On the weekly we are able to draw a pitchfork, using the top and bottom of the Covid-crash in 2020. The median line is well respected by price.
Elliott-wise we see an extended wave 3. In that case, we add the length of wave 1 to wave 4 and can conclude that price has potentially made a top at $124 (the red box). The ending diagonal gives further confirmation that the trend may come to an end here.
Where do we go from here?
Price has already responded with an impulse to the downside, indicating selling pressure. A target can be the lower pitchfork line where we find confluence with the 200 EMA. Because we have identified the end of a larger EW pattern, we can assume a deeper correction that will break the current structure.
How to trade it?
Because price has previously bounced off the 8 EMA, we can use the next bounce to sell into the pullback, instead of chasing the short from here.
What if not?
If price reverses back above the daily candle, the idea is invalidated. This is a possibility especially if SPY/QQQ continue their uptrend due to inflation.
Happy trading!
ARROW ELECTRONICS Offer DailyHey my friends, ARROW ELECTRONICS is in a double fake downtrend with a shadow bear on a high volume of purchases issued. Looking at the TIMEFRAME 1Min we can see a rejection of sellers with a large volume of sales at the end of the session. And it wants to break its VWAP to go to its next low. Then go back to his climb in this situation it can break his VWAP, to come to the top that follows. See TIMEFRAME 4H and finish on the top after.
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ARW (Arrow Electronics)-> Analysis of 02 Sep.
-> Hello Friends, here is my 4H-Chart idea to ARW . -> (all further information can be found in the chart)
-> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. Many thanks for your attention
