E Chart Of The Day: Arista Networks, Inc.

Take a look at ANET here.

Now if this isn't where to buy (and its obvious why from a technical perspective) then were is the level that we'd want to consider going long at?

Well its really simple. See the blue lines? Those are support zones that help you in managing your fluctuation risk upon an entry.

After all, Old resistance once broken tends to become new support right? Lets also not forget what William O'Neil said, buying right solves half your selling problems and if you are thinking about buying up in this zone? 

Well then you are chasing a bus and may have some selling problems in the near term because you are not buying it at a low risk entry point. 

Keep an eye on this issue in the coming days and weeks to see it it stages an initial pullback to support zones as shown or builds out a pullback off highs chart pattern that we all know and love around here. 

Disclosure: None.

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