alexinve

Is Corning attempting to get out of the Feb 21 bearish channel?

Long
NYSE:GLW   Corning Incorporated
In April 7 we will know it for sure. However, Corning has big operations in China and there a suspicions that China is misleading the world about coronavirus infected people. Meanwhile, the US is getting worse with its high number of cases. Therefore, Corning has reasonable chances to test the previous minimum at 17.54 zone. But recently, even though the big news about COVID-19, Corning has been testing to get out of the bearish channel started on Feb 21 with a failed Three Drives Pattern. Therefore, the stock might try to conquer $22 level either before or after reaching 17.54 level. If it does not reach that low level and drops until just $18.50, we might be experiencing the start of a new bullish channel .