JNPR, Juniper Networks, update

Last December, 2011 we anticipated that the stock was triangulating and consequently needed a 5th wave as a thrust. The logical targets (see that blog) where somewhere between $ 13  and $10 . Today, using the triangle measure that can be fine tuned to $12.50;

JNPR 2012

However, the triangle can be drawn with sharper triangle boundaries  which would move the e  slightly to the left and up. This would have the effect of slightly raising the target. Anyway, if short it may be a smart idea to buy back the stock. If buying outright I would wait, at least till the RSI is well below 30.