The Bullish Flag is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
A clear signal has emerged for Ciena (CIEN) on the daily chart. Price has moved to $467.19 (-2.65%) amidst recent volatility. The primary technical feature is a Bullish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $513.49, targeting $806.46 with support near $421.3 (R:R 3.18).
What is your outlook on CIEN?