Trade Idea - Juniper Networks

Juniper has been in a corrective phase since the beginning of this year along with the rest of the US equities. Looking at the daily chart above, it shows possible new rally as K line has crossed on top over D line. However, we should keep in mind, the stock is still in bear market as MACD and signal line are both below 0. For this reason, it is better to wait and see if the stock can break above its 20-day moving average.

according to my reading of the ewave this stock should go above 38 . projection is in the 50 area. but before that obviously i want to take out 30 that would say a lot about the market in general imho g