Another old name from the go-go (bubble) days of tech. Previously we have highlighted BRCM (a successful trade) and more recently INTC. Here is another survivor from 2000.
Juniper Networks (JNPR) is in a bullish stance by weekly chart with a post-spike consolidation flag down to support. With MACD now back down to .27/.50 and RSI just above 50, the momentum indicators are still positive, but candidates to turn up now. Weekly AROON is still Trend up but it too is near zero.
So I would like to see this flag break upward, using the green EMA 40 as support, below which a stop loss can be used to suit.
Buy: 24, or just above
Target: 29.50
Stop Loss: As suits needs below 23.40
Please do your own due diligence on this or any other NFTRH+ idea. The above is a technical setup only. I may sell below target as I often do. The target is a simple measurement of the pattern if support holds.
