22 year base breakout underway ==> CIEN Top Pick for 2020

For long 22 years, Fiber Optic Ciena Corporation (CIEN) shares have worked on a base, digesting the dot-com bubble within Ciena Corp. traded at a stunning 1057$ alltime-high.

It´s 17 yearlong permanent Rounded Bottom neckline resistance is broken to the upside at the start of the new DECADE 2020-2029.

Overcoming a combined MILLENIUM & CENTURY & DECADE neckline resistance near 50$ right at the beginning of a new DECADE seems to be one of the most powerful buy signals that are possible at all and looks like a trusted and normally sustainable BIG BASE breakout that became offically sealed just 2 weeks ago by final May 2020 close that reached a 55.26$.

And BIG BASES usually lead to BIG MOVES!

==> May 2020 candle close means the highest monthly close since MARCH 2002!

May 2020 close fired BIG BASE ==> BIG MOVE longterm buy signal for a 95$ up to Big Round 100$ target. For this measured move longterm BIG MOVE uptarget we measure the distance of the lowest price of the Rounded Bottom that has formed in course of the MILLENNIUM up to the combined MILLENIUM & CENTURY & DECADE neckline resistance and add this range to the combined MILLENIUM & CENTURY & DECADE neckline resistance. This calculation I have visualized with the 4 phat blue-dashed vertical arrows.

Therefore we have identified:

==> BIG BASE ==> BIG MOVE uptarget is the 95$ to Big Round 100$ number resistance upmagnet. This is a longterm upmagnet and might be worked off 2021/2022?!?

To this uber-bullish breakout adds another very positive as apparently a Parabolic Arc support seems to be emerging for about 7 years. And also this one has started to radiate much more bullish energy than the years before right after the new 2020-2029 DECADE time window started.

This Parabolic Arc/observation points to that a mighty monthly rally leg is getting started at 2020 March low what is last and outstanding successful backtest of 22 year MILLENNIUM Rounded Bottom support.

==> Likely the bull market that began at 2008-2009 MILLENNIUM Bottom entered a new hot phase at March 2020 lows!

The current 2020 high of the May 2020, printed at 56.76$, reached and tested - negative for the time being - another very, very important combined resistance. Namely the combined MILLENIUM & CENTURY & DECADE horizontal resistance, which originates from the final high of the year 2004. This horizontal is really the very last important bear threshold. Once this has been overcome, CIEN should produce fireworks...

The still determining combined MILLENIUM & CENTURY & DECADE horizontal resistance at 56.50$ surroundings negates the fired BIG BASE ==> BIG MOVE buy signal in no way!

Au contrair. At the moment it seems that this important resistance could offer the optimal Gentleman`s long, since the price of the shares reacts visibly but also very bullish to this mighty threshold! For this we switch in the weekly chart and overlay a classic weekly 13 Fib number GUNNER24 Up Setup what starts measuring to the upside - as usual - at the coronavirus panic low of the year.

Click the button below and order the GUNNER24 Trade of the Day - $49.90 US a month.