Spotted a promising long setup on Ciena Corporation (CIEN). The weekly chart shows bullish momentum supported by trend indicators and volume.
🔹 Entry Zone current levels
🔹 Stop Loss: $70 – below super trend
🔹 Target 1: $98.84 – first resistance zone
🔹 Target 2: $110.00 – extended target based on historical highs
Technical indicators like Supertrend, RSI, and MACD are aligning for a potential continuation. Risk management remains key – monitor volume and broader market sentiment.
Let me know your thoughts or if you're watching CIEN too!
#CIEN #Ciena #NYSE #TechnicalAnalysis #SwingTrade #TradingSetup #Finance
🔹 Entry Zone current levels
🔹 Stop Loss: $70 – below super trend
🔹 Target 1: $98.84 – first resistance zone
🔹 Target 2: $110.00 – extended target based on historical highs
Technical indicators like Supertrend, RSI, and MACD are aligning for a potential continuation. Risk management remains key – monitor volume and broader market sentiment.
Let me know your thoughts or if you're watching CIEN too!
#CIEN #Ciena #NYSE #TechnicalAnalysis #SwingTrade #TradingSetup #Finance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.