Brief & Perfunctory
Ciena may be in a trading channel.
Note how the centerline is ‘straddling’ price action.
For this channel to remain in-effect, CIEN needs to trade lower (immediately) at the next session (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
Multiple (multi-year) Implosions
Since 1998, Ciena has corrected, imploded, or crashed by over 50%, seven times.
Declines like -51.03%, -51.49%, -66.18%, -79.82%, -89.95%, -91.20% and the big one; dot-com era near total wipeout at -98.40%.
So, here we are, market valuations by some measures that long-ago exceeded dot-com numbers (not advice, not a recommendation).
Ciena Corp., CIEN, Quarterly
Unlike Corning and ON Semi, Ciena has (so far) not recovered to dot-com levels.
Notice at the right side, we’ve had five straight quarterly advances with the subsequent open, at-or-near the previous close.
That is, until the current quarter.
Stay Tuned
Charts by StockCharts
The Danger Point®, trade mark: No. 6,505,279
The Danger Point® 