CIEN is getting closer the the uptrending support, it has bounced on this support multiple times and has followed this pattern the whole entire time. I'll be keeping an eye on this one, I will be looking to take a position if the stock reacts nicely to the support, hopefully in the 36,5 ish area
Almost forgot I had been planning on re-shorting this. Still looks like it's not too late for a quick ~1-2 point drop . And probably has longer term room to the downside, although likely to attempt to recapture trendline .
Flipped the calls on open due to weak pre-market trading, looks to close the gap before heading back up. Earnings report actually looks pretty good, holding 500 shares in 401k Rollover. LOL, already went negative while I was typing this. Long term this is a buy.
Been long and added to our position via excercise calls. Another long term hold, our 5G play.
Looks to me like it's headed for a gap fill before earnings in March. In for some March calls because other than earnings the market appears to be in a sideways chop. Look for stocks that typically rally before earnings.
Continues to trade well. Closing in an another buy-point of $40.25 If it continues, we'll need to add to current long position!
1. price surges with a breakout! very bullish! 2. there may be a retracement to test the validation of the support line. Once it's valid, it may go up again!
NYSE:CIEN Keep this on your watchlist. if it gets going, it has a lot of room above. Please like and comment if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Write sometning about your psyhology thinking before trade? I am back again it is very psyhologicaly difficult when you loose Describe the trade. What you see? from the upper support price will decline. I have very conservative tarket at a littel bit more than 33 What have I done well for this trade? enter point but at second test What can I take away to help...
CIEN should find some get some selling pressure here on profit taking after a good run from a flat base breakout. Also insider selling is suspicious.
Shares of CIEN have been outperforming this year. The company posted very encouraging numbers last quarter and this aligns with a strong chart. Shares should continue to outperform.
Entered at 33.18 Chart used for my own historical reference.
Good relative strength (97). Recently broke out from base. Starting Stage 2 uptrend. Lower volume on pullback. Risking 3%
Zacks Rank: 1-Strong Buy 1 Style Scores: D Value | D Growth | F Momentum | F VGM Industry Rank: Top 1%(3 out of 255) Industry: Fiber Optics looking for pullback or some more consolidation. comments welcomed