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ArturoL
Aug 22, 2023 7:12 PM

Getting ready for a big jump Long

Ciena CorporationNYSE

Description

Price has been squeezing between the trendline and the short term upper vertex of the triangle. I think is going to break out, But I'm not jumping in because earning calls is 08/31 a few days from today. EC could trigger the break out, but I prefer to wait. Another option is to open a small position at current price, SL at 37.90m TP at 54 and wait for the EC. Add if EC doesn't move the price much up or down.
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