Ciena Corp (CIEN) shows a classic undercut and rally setup with higher lows and recapture of the 200-day MA, indicating a potential intermediate-term low and a new rise.
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A Classic Undercut and Rally Setup - CIEN Ciena Corp Analysis
Aug 14, 2026
The creator analyzes Ciena Corp (CIEN) using technical chart patterns, specifically an "undercut and rally" setup on the weekly chart. The analysis highlights equal lows, a flush out, recapture of the 200-day moving average, and subsequent higher lows, suggesting base building and a potential intermediate-term low. While acknowledging earnings risk, the current technical action is viewed positively, indicating a likely new rise.
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CIENbuy opened Aug 14, 2026
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