CIEN - a telco play
Updated
See chart for explanation
As you have seen, it did not touch the support at 32.79 and this gap down between 35.07 and 35.92 and end with a bullish hammer candle could signify a possible trend reversal.
If the gap is closed next week, then it confirms a trend reversal else it might goes further south.
Let's see how it plays out next week.
As you have seen, it did not touch the support at 32.79 and this gap down between 35.07 and 35.92 and end with a bullish hammer candle could signify a possible trend reversal.
If the gap is closed next week, then it confirms a trend reversal else it might goes further south.
Let's see how it plays out next week.
Note
Praise the Lord. Another fantastic shoot up, it close the gap partially on its way up and then another strong gap up! Unbelievable!Now, I hope those who are new to trend lines and price action are more convinced that this simple strategy works. Find one that suits you, be it moving average (used it before but find it frustrating so dropped it), Bollinger band, etc. There are authors here who excel using this so if it is your cup of tea, follow them and practise along. Likewise, for those of you who like trend lines and price action, I hope to get more likes and support as well.
Note
From 34 in Dec , it has risen to 54, a 20 dollar profits for holding on to this counter for 6 months....Note
awesome. praise God
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