They beat last quarter and got hammered because they said margins were going down slightly this quarter. What's 1% margin on an expanding company with 25 trailing P/E?
Expecting CIEN to beat again, using this market tank to start a position, next week's calls.
If the market continues to tank, there is a chance it goes to $33 support. Leave some room to add.
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.
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.
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.
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 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...
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...
In life there is always a but and although Ciena is a downtrending stock on the lower timeframe, the weekly larger timeframe suggest otherwise. First, the uptrend line is still intact and the demand zone level confluence with the 88.6% Fib retracement level of the immediate range. Therefore have patient and wait for the market to unfold itself =)
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.
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. ...
Ciena Corporation is a network strategy and technology company, which provides solutions that enable a range of network operators to adopt communication architectures and deliver an array of services, relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. It segments include Networking Platforms; Software and Software-Related Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical, Packet Networking and Optical Transport product portfolios. The software business is engaged in the development and licensing of element and network management software and software-related services that support its hardware offerings. It offers a suite of consulting and support services that help its customers to design, optimize, deploy and maintain their communications networks.
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CIEN
