Bullish on ANET for a pre-earnings run up. Breakout level = 297. I am buying any dip over the next day or so in the 284-287 range (buy zone). If it breaks above 297 I'll chase.
*Initial target range = 306-313 by 4/19
**Goal Target = 335 by 4/26
- Stop Loss = sustained break below 285, if this occurs it will form a "spring" in its re-accumulation phase in the 270s before breaking out end of Apr. rather than in the coming week.
*Initial target range = 306-313 by 4/19
**Goal Target = 335 by 4/26
- Stop Loss = sustained break below 285, if this occurs it will form a "spring" in its re-accumulation phase in the 270s before breaking out end of Apr. rather than in the coming week.
Comment:
Could see a blowoff top with extended run to the 360s, but I'll be taking profits at 306-313 and then at 330-335
Comment:
If we open above 298 it will be a gap and run.
Comment:
Taking advantage of this discount. Entered Apr 26 300.00 calls for 1.95.
Comment:
Also bought Apr 19 285 calls for 1.90