Arista Networks been one powerful stock clearing its ATH today bucking the weakness in Nasdaq stocks. Bodes well for the target 30 points higher to 115-120.
ANET - Short
Trade Logic: Insider selling, Quick SHORT trade from around upper channel line towards Lower channel line.
Entry: 72.87
Target: 70.13
Stop-Loss: 73.53
You tube link: drive.google.com
Time Span: 5:35”
10-15 Now that the low risk short sell entry point has
passed (along with most others) what do we want to
look at on a bounce (when and IF that is)? The answer
can be found in the orange lines and the red resistance line. The answer is to watch
for a bear channel to build then upon completion its all
about a downside break of the orange lines AT THAT TIME....
As you can see this issue broke out of a base and went on a tear like many other recent IPO's.
you can also see that its finally getting the look of pulling back. Its really just a question of how far and when and where does it stabilize. We know where major support is, its just a matter of seeing it get tagged.
For informational and educational purposes only,...
