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$ANET is a clear leader, does still has room to go?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 sector. IBD gives a Relative Strength Rating of 86 against the market. So, the stock broke out of a large base in November of 2020 and at that moment its Price/Earnings Ratio was at 30 something. Then on the 2nd quarter broke out of a "cup and handle" and now is breaking out of a flag pattern; this is a very good continuation pattern. The thing is that its PE Ratio is nearing 50, so it has increased a lot since it broke out from its frist base. This could mean that it may not have a lot of room to go. As for today, the buying volume is not above average so I would wait for more confrimation signals. Still is a stock to watch very closelly.
NYSE:ANET
by dpuleo19
GBPNZD Bearish Divergence + DisequilibriumOn the hourly and half-an-hourly timeframe, GBPNZD is showing bearish divergence signalling a pullback/reversal from its highs. Furthermore, price action is making higher highs while the Relative Strength Index is forming lower highs . Additionally, there is disequilibrium between price and the conversion line (Fast Moving Average) on the hourly and 4-hourly timeframe. Price should retreat to meet the conversion line before potentially creating even more disequilibrium between the conversion line and base line which should also meet bringing price even lower towards it. Any tips/advice on how I could improve this analysis?
Short
by navshxrir9
F 5 Networks $FFIV, market leader with upside potentialNASDAQ:FFIV is been forming a base for the last 12 weeks while been above its key moving averages. I'm waiting for the pivot buy point above $215, which could be the start of another leg up. This move up could be trigger by th upcoming earnings report, the best thing to do is to wait and see if it actually happens. Another good thing about the stock is that is Rank #1 in its industry by IBD, but its revenue growth and EPS growth haven't been that great for the last 3 years. Its been growing but not that much as I really like; and its Relative Strength is not that great either. Still, it has good technicals and steady fundamentals so I'll consider to add a position only of it breaks out the base.
NASDAQ:FFIVLong
by dpuleo19
COIN : OUTCOIN bounces out of the descending channel that it's been rolling in since the beginning of the week. Has a base of COIN been established at 300? Starting with a horizontal ray at 310 (the bottom of the big drop), I began using rays to connect the higher wicks together, and then the lows together. After that, I extended some rays to the left and looked at where all the lines intersect. Using these lines and points, I placed pitchfans, lining the outside edges up to the rays. Once I established the main placement of the pitchfans, I removed some unnecessary rays and then edited the divisions of the pitchfans in the settings, lining up the divisions to wicks of the inner candles in the most meaningful ways that I could. If you zoom in you can see that every single line on the chart aligns with atleast 2 wicks or 2 candle bodies, other lines line up with quite more. Each line is specifically placed while considering wick importance and # of wicks aligned. Fib spirals too. 2 triangles were then placed forming a pyramid structure in order to express the fact that one of the reasons that I am currently analyzing the trends in COIN price action in this way is to try to establish a possible price base of COIN after its IPO fallout to use as justification for a possible and timely buy in. And here we are, 50 cents above that initial low point after the IPO. Will COIN continue to roll downhill, or will it start bouncing higher? I am not completely sure, and tomorrow this chart may look quite different than it does now. It's fascinating. Got my eye on COIN... watching for a "heads bulls win, tails bears lose" scenario. //Durbtrade
NASDAQ:COINLong
by Durbtrade
9
ETHBTC showing signs of a BaseWe might get a base developing - a floor or what appears to be a "floor" on price. Often this can serve as a means for a meaningful bounce, I may start converting a little soon, but I prefer to wait for a capitulation move to make a bit of conversion back into ETH worth the time and such. Disclaimer, I still maintain a strong position on ETH and have a positive view of it as a cryptocurrency going forward. Now, "normies" are talking about accumulating a whole ETH the way some of us were discussing accumulating a whole Bitcoin back in the day, which can only be good for the whole space. In the meantime, I am running an AMM (several in fact, just started a BTC/WBTC in the last couple of days) so that I make money on the chop either way. Might just wait for the capitulation move and buy back a whole ETH from some of the extra BTC I have stacked as a result of this trade. Again, small monies and keeping a core position on both regardless and enjoying ALT out-performance of both BTC and ETH to a certain extent.
Short
by JJMa
Bitcoin Growing UpAs Bitcoin matures we have seen it through it's toddler years and the early adopters. I purchased in 2013 but was not that aware of the potential. Then we experienced the 2017 FOMO run and another collapse as we had a great shake out of the crap altcoins. Now however we have the Banks and Wealthy looking to own BTC. With a breakout of the 20,000 mark there is NO overhead resistance, no old pain waiting for a breakeven. This is blue sky, the banks want in and the wealthy, the masses will be slow and come in late like normal. It will be great if it builds a new bse off the 20K breakout. This will allow a bigger move up. This project to over $32,000 is based on the monthly cup formation and the macd looks strong. I used July with the current sloping trendline and expect it to hit this by year end of 2021 but could be there much sooner.
BITSTAMP:BTCUSDLong
by Vince
2
GEELY (175) - Broke up from "base"GEELY push out of a basing formation that lasted more then 2 years on strong volume. The week is not over yet but the odds are good that it will close a bullish candle this week no lower than 19.20. Hoever we could still have some retracement over the next few weeks and should that happen, 18.00 is going to be a very strong support. I believe the odds of Geely hitting 23.70 eventually is good and perhaps even 27.50 for the longer run. Stop loss will be placed just below 18.00 for now and trail it up along the way to protect profits. However need to find a balance between a tight stop loss and one that gives it enough room to swing and eventually move higher. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you
HKEX:175Long
by Juliac
3
TBTS Trade Tip: Ichi mobile alarmsok, so firstly and most importantly i only use the conversion/baseline tool to identify a potential trade or confirm the direction of one im already in (or need to get out of). running out and simply switching long and short on the beep can have mixed results although when trending can yield more positives. beside that my tutorial is for having the base/conv crossover setup on the phone as a simple prompt, a quick way to know to go and check chart out. note; the lower timeframes will have your phone buzzing all the time and higher timeframes will be like rain in a desert. i have settled on the 8h timeframe for a good variety of play, it allows me to catch trends and trade scalps. when identifying diagonal breaks early, a beep on the phone is a good idea that you are trading the right way. check it out; set up alarms for crossover and check your charts only when it goes off. you will gain more free time off screen and increase your win streaks with this simple prompt
GEMINI:BTCUSD
by TBTS