CIEN Daily Chart ~ Patiently Waiting for Our Next
Post# of 2559
Posted On: 01/19/2014 12:03:15 PM
CIEN Daily Chart ~ Patiently Waiting for Our Next Swing Trade
There isn't much new with CIEN as the stock continues to slowly drip to the downside. The FullSto is in oversold territory but the MACDs are showing more downside is very possible. Looking at the chart, support could be found at the previous lows from 20.93 to the 21.22 area (MA200). A break below these levels would suggest a drop to 19.00 or possible filling a gap of early June into the 16.00s. No rush here until the chart says is time to enter. GLTA
There isn't much new with CIEN as the stock continues to slowly drip to the downside. The FullSto is in oversold territory but the MACDs are showing more downside is very possible. Looking at the chart, support could be found at the previous lows from 20.93 to the 21.22 area (MA200). A break below these levels would suggest a drop to 19.00 or possible filling a gap of early June into the 16.00s. No rush here until the chart says is time to enter. GLTA
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