One of my most oft-cited long ideas on tastytrade has been Ciena (so much so that I’ve tried to leave it off the list sometimes), because it has sported a beautiful right triangle base for months. It has always been a good performer, but today was an especially good lift-off.
Here’s a longer-term view of the beast, whose ticker is CIEN:
I think today is going to be on the dull side, because there’s really no force pushing the market in either direction until the CPI rolls out tomorrow morning. I’m taking things slow and steady today.
