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...
The price has had 5 lower highs (and lower lows), might bounce at the Fibo. It still has enough upward momentum as per the Elder's Force Index 3&13 (not displayed).
ET 1W I ET has been consolidating above $11.50 for some time. We have bullish unusual options activity betting on a retest of $12 by 10/21. Reports earnings on 08/02!
LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend.
CIEN 4H I Bullish unusual activity...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $54.65
Target Price: $53.29
Stop Loss: $56.01
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on February 15, 2022 with a closing price of...
I like this trade idea on Ciena corp - good risk reward IMO.
What was resistance appears to be support now, and with a pretty big VP Void above I'm looking for a move back up to 70 zone in the near term.
Long shares with 62 stop loss
Description: CIEN is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $53.2 - $54.8
2. Take profit: $62.81
3. Stop Loss: $51.7
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 92%
Description: CIEN is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $53.3 - $54.9
2. Take profit: $62.95
3. Stop Loss: $51.75
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 92%
The PEAD projected a neutral outlook for $CIEN after negative over reaction following earning release placing the stock in Drift C
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$CIEN is looking for gap fill. Beat Q3 ER but COVID guidance tanked the price.
Comparing to $CSCO who MISSED ($0.51 vs $0.70 EPS) their last ER Nov. 12 but gapped up.
$CIEN may gap up for similar reasons if the market sentiment is bullish around the ER.
Reminds me of $FSLY chart which is also looking to fill the gap.
The day of the ER seems to coincide with...
