ANET is in a strong trend and is potentially pulling back to price based support levels.
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play
Substack - The Bandito Review
@egrajek
@egrajek
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Substack - The Bandito Review
@egrajek
@egrajek
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.