ANET Trade

Sep 5

ANET

Short-term Trade :

Entry: Look for a bounce near the $327-$328 level, especially if the price manages to reclaim the 20-period EMA. Consider a short-term buy if the RSI starts rising and the MACD shows positive momentum.
Target: $336 (next resistance at the 50-period EMA) and $340.
Stop-Loss: Below $325.

Medium-term Trade :

Entry: Wait for a confirmed bullish crossover of the MACD and a move back above the 20-period EMA (around $330-$336).
Target: $350-$360 (next key resistance), assuming the price reclaims the 20-period EMA.
Stop-Loss: Below $320.

Long-term Trade :

Entry: Consider buying on dips, especially if the price finds support near $320 or at the 100-period EMA on the weekly chart, which is currently at $281.
Target: $360-$380 within the next 6-12 weeks, assuming the price maintains the long-term uptrend.
Stop-Loss: Below $300 (a break below the 200-period EMA would signal a potential trend reversal).