ANET new ATHArista 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 trade ideas
ANET - Quick short from 72.87 to 70.13
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”
ANETStrong new company with great fundamentals and set up with cup formation...look to buy and a nice potential for a 10 run
Arista Networks IPO Lockup ExpirationDec 5 was the first day of lockup expiration for ANET. Look at that Volume - a textbook supply driven selloff.
Read more on optionsforum.net
ANET- For Shorting its all about whether a bear channel shows up10-15 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.
What if the pattern doesn't build out? Then there is nothing
to talk about. No pattern no trade.
Trade at your own risk, these are not recommendations.
For informational and educational purposes only
For those who like to buy support? Here is one to keep an eye onAs 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, trade at your own risk, these are not recommendations.
