CIE1 trade ideas
CIEN Week of 11/16What I love about CIEN for the week of 11/16.
1) Broke an old resistance point of $43.27 and retested it as support.
2) Double Bottom Breakouts are my favorite.
3) Up-trending Higher Highs.
4) HUUUGGGEE 25-30% Gap to fill
Im actually holding this over the weekend Hoping for a gap up on Monday. Earnings is less than a month away and run up is expected.
As always leave your comments and corrections below.
Dav-O Setup (Papertrade)Entertainment Purpose only, not trading advice, DYOR
*Enter at confirmation of double bottom at daily close above wick at $40.40.
*Stop Loss at 2 ticks below tail of double bottom, $38.15.
*Sell 1/2,my position at $45.46, move remaining to scratch.
-If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
Now we can start shorting earnings (reposted with proper chart)Take a look at CIEN and PD today, dropped right back into pre-COVID trading range.
Appears the zero interest rate pump is finally over, we can finally start looking for stocks to short on earnings . Look for stocks that have melted up but don't have the earnings to back it up.
Expect a lot of stocks to drop to pre-COVID levels. Not all tech stocks though, COVID has changed the way some companies do business. Certainly there will be more video conferencing and working from home even after a vaccine comes out, and PPE sales will be higher than pre-COVID levels, etc. But I think the parabolic trajectory is over.
Bottom Fishing Rising WedgeDown she goes
Has been a good performer but rising and narrowing wedge got her
Unfilled gap overhead
NV is high
Long when descent complete
Not a recommendation
CIEN BUY OR LONG , TARGET UP TO $66CIEN confirmed the " Rectangle " pattern of price increases.
CIEN buy : 58+-0.5
CIEN target : 66 +-1
Stop loss : $54.5
Wish you good deals!
CIEN building a strong bull flagCIEN with a strong upper level bull flag. After a strong day Friday close right at resistance level. A couple days sideways of consolidation would be nice to give a tighter entry. I will be looking for a entry through 57 level on increased volume. NYSE:CIEN
CIEN GOT A BAD CASE OF THE LONGDICKGive it time though big dog. Prob not gonna moon it straight my G
CIEN Setting UpFound some consolidation and support at the 20 MA. Another play on increased cloud spending.
absolute monster if it breaks out !...after almost 2 decades of bottoming process (basing pattern) are you able to hold on for another 4 days (for the month to end and the candle to close/be completed) before acting ?
CIENA $CIENCiena is powering up. Hit the pivot resistance. RSI is below the trendline. Just need some volume to go up.
$CIEN long idea$CIEN long over $44.75 looks good for a potential push up to $47 tmrw. However, like I said on the $ZTS idea, I don't much trust longs at the moment!
Cieana Corp $CIEN#Cieana performed great since Marc and hit the strong resistance last week. It is still in RSI down trendline and needs to break out.
$CIEN On Alert for Breakout from congestion phase Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD
CIEN - Flag Breakout$CIEN - Clear breakout of flag pattern. I'll be entering after the open with stop below the local low price around $40. I think it could hit $57.00 by the end of the year.
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