$ANET: Arista looks 'excellent' indeed
Updated
Just as the greek word, the chart here looks excellent...There's both a daily and a monthly uptrend signal active, which gives this stock tremendous reward to risk potential long term. I am not a huge fan of the valuation, so I was skeptical to get involved but perhaps I am missing something regarding fundamental catalysts for the stock going forward, perhaps related to the boost to demand for their products from the AI large language model war. Companies might scramble to get the required infrastructure to run their algorithms on?
Chart wise, the setup is perfect and predicts a steady trend if price stays above $119 where the monthly trend would be invalidated. The daily predicts immediate upside within the next 10 business days.
Best of luck!
Cheers,
Ivan Labrie.
Chart wise, the setup is perfect and predicts a steady trend if price stays above $119 where the monthly trend would be invalidated. The daily predicts immediate upside within the next 10 business days.
Best of luck!
Cheers,
Ivan Labrie.
Note
ANET performing as expected: Note
Trade closed manually
Ok to secure gains, hold some runner... Trade closed: target reached
Long term target hit!
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.