pool adsWhen Ciena Corportion (CIEN) Moves Investors should Listen
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Ciena Corportion (NASDAQ: CIEN) report below is a real world example. Included are trading plans for CIEN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
CIEN Ratings for June 21: Below:
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Neutral |
| P1 | 0 | 0 | 45.73 |
| P2 | 55.76 | 55.71 | 53.19 |
| P3 | 56.53 | 57.47 | 60.75 |
Support and Resistance Plot Chart for CIEN
Longer Term Trading Plans for CIEN
Our Longer Term Plans for CIEN help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this CIEN Report.
Long Support Plan (Long Term Trading)
Buy CIEN over 53.19 target 60.75 stop loss @ 53.04
The technical summary data tells us to buy CIEN near 53.19 with an upside target of 60.75. This data also tells us to set a stop loss @ 53.04 to protect against excessive loss in case the stock begins to move against the trade. 53.19 is the first level of support below 57.15 , and by rule, any test of support is a buy signal. In this case, support 53.19 is being tested, a buy signal would exist.
Short Resistance Plan (Long Term Trading)
Short CIEN under 60.75, target 53.19, stop loss @ 60.93
The technical summary data is suggesting a short of CIEN as it gets near 60.75 with a downside target of 53.19. We should have a stop loss in place at 60.93though. 60.75 is the first level of resistance above 57.15, and by rule, any test of resistance is a short signal. In this case, if resistance 60.75 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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