RBBN - Aug 11RBBN - Aug 11
it just blacks out the downtrend
My targets:
TP1= 8.20
TP2= 9.18
TP3= 12.13
And my Stop loss = 6.60
its just my thought, good luck with it
RBBN trade ideas
RBBN - upCybersecurity stock, this is a strong sector at the moment.
Made a gap up on earnings, back to the strong level
double bottom
good fundamentals
RBBN BullishMACD crossing and the price closed over the .23 fibonacci level.
Current price is bellow the poc and it broke out of the weekly descending trend line.
first target : 8.94
second target: 9.39
APPROACHING SUPPORT AND POTENTIAL BOUNCEMonitor price action on how it approach to the demand zone. Please note that sellers are still exist in the market which they push the price to the downside with strong bearish momentum. I would consider my entry in the green zone area as it is in line with support trendline.
RBBN possible breakout to upsidePretty extended at these levels but has a chance to break out.
Demand zones area lined up well for dip buys as well
$RBBN #Cup&Handle SetupDaily cup and handle setup on Ribbon Communications. Handle forming on low volume (bullish sign).
Ribbon Communications (RBBN)- DESIGNS CARRIER-CLASS TELECOM INFRASTRUCTURE EQUIPMENT AND SOFTWARE USED BY WIRELESS AND WIRELINE OPERATORS
$RBBNEntry price : 6.79
Fundamentals :
Sector: Telecom
EPS % Chg (Last Qtr): 23%
3 Year EPS Growth Rate: 9%
EPS Est % Chg (Current Yr): -36%
Sales % Chg (Last Qtr): 68%
3-Year Sales Growth Rate: 31%
Annual Pre -Tax Margin: 12.3%
RBBN 50-day MA moved above its 200-day MA on June 23, 2020This price move may be construed as a buy signal, as it indicates the trend is shifting higher.
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 3 of 3 cases where RBBN's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
