Arista (ANET) is a core AI infrastructure play: its high-speed Ethernet switches are the plumbing connecting GPU clusters in AI data centers, right sector, right time.
Price has been consolidating inside a symmetrical triangle since late April. The RSI is a useful guide here, since it's also consolidating in a triangle of its own, a breakout above the RSI triangle would be strong confirmation for the pattern.
The Trade Idea:
Trigger- B/O above $177.48
Target 1- $215.5 (+21.5%)
Target 2- $234.89 (+32.3%)
One of the best characteristics of symmetrical triangles is the favorable R/R. The chart still needs to develop before we can set a precise stop-loss, but even using $169 as our S/L, the R/R is excellent, roughly 4.4 to Target 1 and 6.7 to Target 2.
Update idea
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Arthursh
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 Tra
Price has been consolidating inside a symmetrical triangle since late April. The RSI is a useful guide here, since it's also consolidating in a triangle of its own, a breakout above the RSI triangle would be strong confirmation for the pattern.
The Trade Idea:
Trigger- B/O above $177.48
Target 1- $215.5 (+21.5%)
Target 2- $234.89 (+32.3%)
One of the best characteristics of symmetrical triangles is the favorable R/R. The chart still needs to develop before we can set a precise stop-loss, but even using $169 as our S/L, the R/R is excellent, roughly 4.4 to Target 1 and 6.7 to Target 2.
Update idea
Add note
Arthursh
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 Tra
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.