The PEAD projected a Bullish outlook for $ANET after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
I booked my profits on $JNPR pretty much almost at the high of the recent run up (just luck).
Will most likely be putting that money into $ANET next week.
* Held up much better than $JNPR on the pullback
* Putting in mini coil setup
* OBV making multiple NHBP
Arista Networks ( NYSE:ANET ) with a head and shoulders pattern and large gap to fill below. Insiders continue to dump shares. In the past two months, they sold $132 million worth - $75 million of this total just in the first 7 days of March (source: OpenInsider).
P/E 45.80x
With the Federal Reserve meeting and OpEx next week, this may gap fill and retest...
$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 building a nice base. Love to see this one pause next week.
In the same Computer Networking group as $JNPR (you know I am already in that one).
Note the blue skyscraper volume markers on weekly. Ya, they are buying this.
Journal Entry
Bias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Brave🗽
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: ..
Position: Short term swing trade.
Notes: I'm anticipating an earnings surprise.
Other: ..
Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
About the Author:
I strive to...
$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%)
Arista Networks NYSE:ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments.
According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to AMEX:IYZ , an ETF concentrated in telecommunications and NYSE:ANET is leading the...
I didnt post the NVDA chart even tho its even SEXIER than ANET imo....
ANET with a nice strong support line in the 1 and 4hr, 1day charts coming to the wedge...breakout eminent 🚀
Long term high 331.27 and I would guess there will be resistance there and at prior high of 326.60 as well.
Support at mid cup (MC) and handle low.
Possible support at lower shadow of the long legged doji (LL)
Earnings yesterday and must have been received well.
Targets calculated using cup depth and multiplied by fib levels.
As of late I have been staying...
Bullish 1.13 AB=CD was found on 6 Apr 2021 00:00 UTC+8 with Point D is USD 295.68 @ -6.3%.
Resistance : USD 326.12 @ +10.61 @ 3.36%
Support : USD 308.53 @ -6.98 @ -2.21%
Risk/Reward Ratio : 1.52
