Dec. 25 at 1:24 PM
Actionable Trade Alert for
$ANET:
Market Context:
$ANET is currently trading at
$130.77, showing a moderate bullish sentiment with an RSI of 53.59, indicating potential for upward movement. The price is above the 30-day moving average (MA30) of
$127.62 but below the 50-day moving average (MA50) of
$135.82, suggesting a consolidation phase with room for growth.
Directional Bias: The price is within the 60-day high of
$164.94 and low of
$114.52, allowing for a favorable risk-reward scenario. The ATR of 4.75 indicates volatility, which can be leveraged for potential gains.
Trade Plan:
- Suggested Entry:
$130.80
- Stop Loss:
$126.00 (3.1% below entry)
- Take Profit Targets:
1.
$140.00 (7.0% gain)
2.
$150.00 (14.7% gain)
3.
$153.00 (17.0% gain)
This plan offers a solid risk-reward ratio, aiming for over 17% ROI on the third target. Monitor market conditions closely.
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