CIEN Corporation
6.98 up on the year, dropped in the last qtr to -15% from Septembers earnings
release due to covid effecting sales.
Target price of $52 range between $38-$61
Rsi sat at 72% though pointing
out stock being over bought before earnings release.
CIEN - It is in down trend and seems like started C wave down. So sell it on bounce up to 42.80-43.60 with stop level above 44.65 for target below 36 or even more downside as C wave.
Give thumbs up if you really like the trade idea.
CIEN - It is in C wave down after B wave complex sideway corrction finished. Sell with stops above 44.47 for down side target below 38 or lower.
Give thumbs up if you really like the trade idea.
What 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...
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...
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,...
Down 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 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
