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...
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
$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...
Strong horizontal pattern on CIEN with a possible 30% return.
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,...
CIEN confirmed the " Rectangle " pattern of price increases. CIEN buy : 58+-0.5 CIEN target : 66 +-1 Stop loss : $54.5 Wish you good deals!
Give it time though big dog. Prob not gonna moon it straight my G
Ciena is powering up. Hit the pivot resistance. RSI is below the trendline. Just need some volume to go up.
#Cieana performed great since Marc and hit the strong resistance last week. It is still in RSI down trendline and needs to break out.
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. ...
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
EARNINGS CIEN announces earnings on 8/31 (Thursday) before market open. Due to the size of the underlying, I would probably go short straddle or iron fly here, as a short strangle and/or iron condor really don't pay. The Sept 8th 24 short straddle is currently paying a 2.35 credit at the door with break evens wide of the expected move, while the Sept 8th...