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financial_freedom_with_guna
Aug 14, 2020 2:56 PM

ANET is good demand zone wekly /Daily 214.3-204 Long

NYSE:ANET1D
Arista Networks, Inc.NYSE

Description

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ANET 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

Trade active

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Going up as expected right from the entry price.

29% return so far at price 228.45
Chart PatternsANETweekly_longlinit_entry
Comments
financial_freedom_with_guna
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yesterday it gave a nice bounce out of the zone...going on our way
financial_freedom_with_guna
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Pausing its drop at 25% of the zone , and trying to move up while playing in the 4 candles in the zone till 4th day.
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