lauralea

Cup and Handle

Long
NYSE:ANET   Arista Networks
Long term high 331.27 and I would guess there will be resistance there and at prior high of 326.60 as well.

Support at mid cup (MC) and handle low.
Possible support at lower shadow of the long legged doji (LL)

Earnings yesterday and must have been received well.

Targets calculated using cup depth and multiplied by fib levels.

As of late I have been staying more aware of prior tops and trying to be sure price gets by it. (o:

There is an unfilled gap in the last cup and handle pattern. It appears to be a break-away gap which may or may not ever fill. In the case of a drastic pull back, it would be strong support.

No recommendation.

This is not to long entry level today.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.