Dec. 6 at 1:24 AM
Actionable Trade Alert for
$ANET:
Market Context:
$ANET is currently trading at
$128.55, with an RSI of 47.55 indicating a neutral momentum. The stock is below both the 30-day MA of 137.24 and the 50-day MA of 141.06, suggesting a bearish short-term trend. However, the price is closer to the 60-day low of 114.52, indicating potential for a rebound.
Directional Bias: Given the current RSI and position relative to MAs, we anticipate a possible upward correction towards the resistance levels.
Trade Plan:
- Suggested Entry:
$130.00
- Stop Loss:
$124.00 (risking
$6.00, approximately 4.65%)
- Take Profit Targets:
1.
$140.00 (Target 1, 7.69% ROI)
2.
$150.00 (Target 2, 15.38% ROI)
3.
$150.00 (Target 3, 17.00% ROI)
This plan allows for a solid risk-reward ratio while aiming for significant returns. Monitor the price action closely for any adjustments.
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