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...
Ciena is powering up. Hit the pivot resistance. RSI is below the trendline. Just need some volume to go up.
The Bat pattern is completed on Ciena Corporation daily chart. Nice risk/reward ratio. T1 – 38.2% T2 – 61.8%
From a technical standpoint Ciena is in a buy zone reaching the ascending trend line which has been tested twice in the past. We should see a move back up from $22.5 - $23 towards previous highs of $26 in the short term. Yesterday we saw double the usual volume with a doji formed. This shows a battle between buyers and sellers. Price has dropped today but I...
If CIENA opens above 21.21, Gap N Go. To learn to trade these strategies for free, go to www.RealLifeTrading.com