Juniper Networks, Inc. engages in the business of designing, developing, and selling products and services for high-performance networks to enable customers to build networks for their businesses while achieving agility and improved operating efficiency through automation. The firm also offers routing, switching, Wi-Fi, network security, artificial...
JNPR is in a W formation, heading towards POS. If the market remains bearish, JNPR may descend to approx. 26 or go up to the next resistance level of 30.
The target is D. Price will usually reverse when D is reached.
Possible stop under C.
Short interest is 2.71% approximate.
No recommendation/T1 is larger than T2 and T3 is smaller than T2. T2 is calculated only if T1 is passed and so on.
Any pattern can fail.
Let's understand multi timeframe analysis for NYSE:JNPR .
Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).
Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.
Daily TF -
Price re-tested a strong demand zone in Daily...
Most technology stocks remain well off their highs in 2022, but not Juniper Networks.
The maker of routers and switches closed at its highest level in almost 11 years last week. The breakout followed some interesting patterns that may anticipate a bigger move.
First, notice the three positive news events since early December. First, Jefferies issued an upgrade....
The chart shows NYSE:JNPR trying to breakthrough the resistance and targeting 41 price.
My plan is to buy In The Money (ITM) options contract , either naked call or spread call
Naked Call : 1st Apr $36 Call
Entry cost: $45.00
Maximum risk: $45.00 (at JNPR$36.00)
Maximum return: infinite (on upside)
Breakeven at expiry: $36.45
Probability of profit: 27.8%...
$JNPR not as clean of a setup as i would like.
Even though I don't trade trendline breaks, I am always aware of where they are on patterns I am watching.
The shelf on $JNPR has trendline resistance just just above that pivot.
Tough one.
This company is similar to Cisco but on a smaller scale . In a environment where most Growth stocks are trading 50+ PE ratio JNPR is actually trading at 26 which is lower than .
MSFT.
Broke out from underneath 9yr resistance last week , Retest that breakout and held firm.
Next target is 45$ which it could possibly reach by next summer. That's a 40%...
