Ciena Corp. Is having a good year and has been strong throughout the recent equities downturn. Take a look at the weekly chart below, and you will see that price has been bullish throughout 2018 in what looks like a bullish breakout from a decade long consolidation.CIEN Weekly Chart(click to enlarge)Bullish Breakout:- Note that price started to hold above the cluster of 200-, 100-, and 50-week simple moving averages (SMA) in 2018.- It made a slingshot off of the SMA cluster mid-year and eventually broke above key consolidation resistance factors.- We are talking about a decade-long consolidation structure. Breaking this opens up a strong bullish outlook.- Furthermore, we saw price retreat and respect $28 as support. This previous resistance turning into support also feeds into the bullish scenario.Target in 2019:- This week's bullish continuation price action suggests upside at least towards the $35-$36.50 area, which is a previous resistance pivot. - I would consider this a conservative bullish outlook for 2018. In this short to medium-term time frame, we shouldn't be surprised if price does pullback from here.- But if price holds above $30, I think this $35-$36.50 resistance will break.- Going into 2019, I think there is upside towards the $40-$40.50 area, which is a support/resistance pivot area. I think if price continues to show higher lows, at least at or above $30 at this point, we should look for upside to $40. - The most aggressive target I have would be limited to the $49-$50 area, which involves the 2007, pre-financial-crisis high.