Arista Networks ( NYSE:ANET ), a prominent player in cloud networking solutions, recently reported its fourth-quarter earnings, surpassing profit expectations but issuing a lukewarm forecast for the upcoming quarter. Despite strong revenue growth driven by robust demand from tech giants like Microsoft and Meta Platforms, Arista's ( NYSE:ANET ) shares took a hit...
I am looking for a pull back to get in. This is my set up at the moment. Entry; $110.47 S/L; $107.55 TP1; $116.31 TP2; $125.07 Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
$ANET sliced through the series of VWAPs highlighted earlier, at the back of 5 consecutive sessions of higher close. also trading outside of its 4 months DTL. currently just trading beneath the $134 major pivot, its last key resistance level. looking prime for a takeoff.
$ANET display a rare behavior you could find, resilient to months of market weakness frm its previous ER gap up (Q3) in Nov'21. a siew of recent VWAPs have coincide to resist $ANET at $128 last week. actionable on VWAP breakout Q4'21 ER YoY EPS 0.82 (+32%) Sales 784mil (+15%)
inside uptrend channel based on fibo next pt with ath it seems found support ready for next wave long disclaimer
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