THERE IS A SHOULDER LINE TO CROSS UP OVER SEE HERE !!!! may happen very soon --- if it does it will stay bullish I believe for a decent ride. My thoughts on it...anyway. It has been riding a channel for the past few trades this week. UPWARD. There is a fair bit of upside potential here on a larger DAILY chart.
Gotta love the patterns it gives you. You don't have to force it. NEVER force a trendline. It will appear right in FRONT for you if you let it happen, and be patient.
Channel is being followed by the stock... What we are waiting to see if it will continue above the shoulder at approx. 38.00 - 38.08 for further confirmation of a continued uptrend. There may be resistance and stop rising. May need a couple of days to get there to break through that zone. Possibly. ==== So far nice profits.. to take off, as it predicts staying in...
A PATTERN develops and can be seen in the form on a 1 DAY, 1 min, 5 min or 15 min charts as an example. Looking good here on the 15 min charts... for the day. Useful when day trading.
A gap was closed on the YTD chart. Lots of downward pressure coming to a close soon perhaps... and showing the potential to possibly change direction. Positive day so far. Channelling and Parallel lines looking good it appears. Let's see how it progresses and builds...
June gap filled with 5ema crossing the 20ema for first time since then potential reversal signal
Gap fill has been completed and price has bounced perfectly. Break above 7 & 12 MA would be very bullish. Possible entry level $38 Golden pocket target $43 Stop loss $36 Average analysts price target $50.21 Average analysts recommendation Overweight P/E ratio 26 Short interest 3% Company profile Ciena Corp. engages in the provision of...
CIEN is a long term uptrend pattern. It continues to make higher highs and higher lows throughout & the price currently trades above the 200SMA, signaling a bullish trend may continue. Based on it's history, the price reacts well with the EMA50, as that moving average is a known major support/resistance level. However, price action has "broken below" and "closed...
Well, it hit my previous target, made a grand off of this by going in yesterday and dumping today. Looks very exhaustion gappy today, pattern should reveal itself in a couple of days.
I think we get a nice pop tomorrow morning if the Chinese pump futures again
CIEN is moving quickly premarket and if the price holds today, then there's a clear trend change. Watch for it to consolidate for a few days and then look for a possible continuation of the new trend.
Although the short term signal is SHORT, look for a reversal to LONG around $31. When using Modified Pitchforks, it's important that the projected lines provide multi-sigma coverage of the linear regression slope. In the case of CIEN, a Modified Pitchfork from the 2017 lows provides almost perfect symmetry and gives the trader several levels to trade Ciena. ...
I suppose you could probably sort anything in this market right now since I think the China talks will fail. This looks like it's headed down on a H&S and bear flag pattern. I expect this to create a smaller bear flag right here for a couple of days. Not actively shorting it since I like this stock, will buy if it hits $31 this month.