congzicun

Long term Bull short term under some pressure.

congzicun Updated   
NYSE:ANET   Arista Networks
1. The store still moves within the uptrend channel which starts since 2016 (Bull)
2. Short term the stock shows LH and HL pattern. (Neutral)
3. In a slaughter day, the stock still gets support at its 10-week MA (Bull)
4. Did not close above the Fib 0.382 / 274 (Bear)

Conclusion
1. The market is waiting for the ER report.
2. If the report is good (High probability), it has a large chance going to ATH.
Comment:
1. It breaks two triangles with large volume. (Bull)
2. It gets some resistance at the ATH.

Should long after good ER.
Comment:
Reach the upper channel. May meet some pressure. If the ER is wonderful, it may break. Otherwise, should go back to the channel. (Bearish)
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