ANET broke out to new All Time HIghs. Now approaching a significant resistance. This would be a good place for a retrace.
$ 386.64 - 393.84 is the immediate resistance. $ 421.10 - 423.73 is the stronger barrier above. $ 345.33 - 348.18 is the first good support below.
Trade closed: target reached
BOOM
42x.xx Target hit, EXACTLY (of course).
(yellow shaded part is from posting time).
.
Zoom IN (m15)
Perfect Reaction at our pre-mapped zone.
Remember, we have NEVER been here before.
Yet the fibs projected ahead to show barriers.
.
Closer look at the dip:
Pull back to previous ledge which may hold.
But it was pierced, so cant count on it yet.
Nce Confirmation of upper bound to watch.
.
So we watch $393.84 for key support.
Stop loss below lower bound of $386.64
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