CIEN trade ideas
Now we can start shorting earnings (reposted with proper chart)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, COVID has changed the way some companies do business. Certainly there will be more video conferencing and working from home even after a vaccine comes out, and PPE sales will be higher than pre-COVID levels, etc. But I think the parabolic trajectory is over.
Bottom Fishing Rising WedgeDown 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 BUY OR LONG , TARGET UP TO $66CIEN confirmed the " Rectangle " pattern of price increases.
CIEN buy : 58+-0.5
CIEN target : 66 +-1
Stop loss : $54.5
Wish you good deals!
CIEN building a strong bull flagCIEN 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
CIEN GOT A BAD CASE OF THE LONGDICKGive it time though big dog. Prob not gonna moon it straight my G
CIEN Setting UpFound some consolidation and support at the 20 MA. Another play on increased cloud spending.
absolute monster if it breaks out !...after almost 2 decades of bottoming process (basing pattern) are you able to hold on for another 4 days (for the month to end and the candle to close/be completed) before acting ?
CIENA $CIENCiena is powering up. Hit the pivot resistance. RSI is below the trendline. Just need some volume to go up.
$CIEN long idea$CIEN long over $44.75 looks good for a potential push up to $47 tmrw. However, like I said on the $ZTS idea, I don't much trust longs at the moment!
Cieana Corp $CIEN#Cieana performed great since Marc and hit the strong resistance last week. It is still in RSI down trendline and needs to break out.
$CIEN On Alert for Breakout from congestion phase Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection and virtual networks. The Software and Services segment provides wide area network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD
CIEN - Flag Breakout$CIEN - Clear breakout of flag pattern. I'll be entering after the open with stop below the local low price around $40. I think it could hit $57.00 by the end of the year.
If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
CIEN -- larger WEEKLY channel view! 19.50% gain are possible.CIEN -- larger WEEKLY channel view! There is room upwards for 19.50% gains.
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
CIEN --- potentially moving up soon! reversal trendCIEN --- potentially moving up soon! Reversal of trend happening very possibly as it reached the bottom of my 2HOUR channel that I see. It took a healthy 3% downward pull which just took place today... Lets see if it plays out in terms of reversing soon upwards... Thank you.
Stay tuned...
Notes:
▲ (19.54% Upside)
Based on 13 analysts offering 12 month price targets for Ciena within the last 3 months. The average price target is now currently sitting at $50.17
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
Trade Journal: Long CIEN - 1/23/2020Ever since CIEN's explosive Power Earnings Gap on 12/12/2019, CIEN has been consolidating into a tight flag pattern on the daily chart. CIEN may need a couple more days to setup, however I am entering this trade with a stop loss below the previous higher low incase CIEN wants to take off tomorrow.
Entry - 42.52
Stop loss - 41.70
Target 1 - 44.00
Target 2 - 46.00
