Dec. 15 at 5:39 AM
Actionable Trade Alert for
$ANET:
Market Context:
$ANET is currently trading at
$124.76, showing a bullish sentiment as indicated by an RSI of 60.94, suggesting potential upward momentum. The stock is below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$131.86 and
$139.28 respectively. This indicates a possible reversal or recovery opportunity.
Directional Bias: The RSI indicates that the stock is not overbought, allowing room for further gains. The recent high of
$164.94 and low of
$114.52 over the last 60 days suggest a volatility range that can be exploited.
Suggested Trade Plan:
- Entry:
$125.00
- Stop Loss:
$119.00 (approximately 4.8% risk)
- Take Profit Targets:
1.
$135.00 (8% gain)
2.
$145.00 (16% gain)
3.
$146.00 (17% gain)
This trade plan offers a favorable risk-reward ratio, aiming for a minimum of 17% ROI on the third target.
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