ANET is in a strong trend and is potentially pulling back to price based support levels.
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play
Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume.
Two levels appear to be in play.
1. $213.16
2. $210.16
I will look for prices to hit these levels and then buy on the minor low breakout.
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ANET
Trend G/G
Propulsion Yes
Vscore Almost - needs pullback
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 No
Entry Waiting for pullback
Profit/Breakeven Waiting for pullback
Stop Loss Waiting for pullback
Option Option Play