Posted On: 01/13/2014 7:52:00 PM
Post# of 2561
CIEN Daily Chart ~ Picking Up Steam on the Downside
So far, the exit at 23.12 was the right move as the chart began to weaken. The FullSto and MACDs have all crossed negatively, and all we can do now is watch and wait for the chart to reset. That's two successful swing trades since late November. I'm looking for a test of the 20.90/21.15 level with an eye on the MA200 at 21.09 currently. GLTA
So far, the exit at 23.12 was the right move as the chart began to weaken. The FullSto and MACDs have all crossed negatively, and all we can do now is watch and wait for the chart to reset. That's two successful swing trades since late November. I'm looking for a test of the 20.90/21.15 level with an eye on the MA200 at 21.09 currently. GLTA
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