Reasons for bullish bias:
- descending channel breakout on weekly
- Entry is at breakout of HH on daily
- DOW theory, SL at last HL
Entry Level(CMP): 33.31
Stop Loss Level: 29.65
Take Profit Level 1: 36.97
Simple drive to pullback breakout in a new uptrend. Overall market has come off an extension and may still pullback further so look to see this hold well on day 1.
Founded in 1851, Corning is a 172-year-old American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics.
Since its inception, Corning has been a pioneer in glass science and technology. They developed some of the most iconic glass products, including Gorilla Glass, used in...
Here we have GLW on a 15 minute chart. I am looking extremely bullish on this for a Day-trade or a few day swing trade. If we can break out of this upper trendline that I drew on the hourly chart then I feel like we can test the YTD WVAP. We are also in a demand zone that I drew from the daily chart. I will be waiting for us to break this trendline on the 5...
Avi Salzman in the Article titled 5 Stocks poised to profit from renewables, published on the February 27, 2023 issue of Barron's, studies these 5 stocks: GLW, ENPH, FREY, NTOIY & SBGSY, I picked the first to share with you my impressions
1M Chart, Corning Incorporated (GLW) :
MACD : On October 2021, the signals on pierced down from above the histogram and...
The PEAD projected a bullish outlook for $GLW after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $GLW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 85.71%.
The PEAD projected a Bullish outlook for $GLW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
Dominant trend line in green upwards
Currently price is above this, however comparisons can be made to earlier in the prices evolution (green and grey)
The grey circle is where we are now, bullish action follows this circle
A larger Rising Wedge structure (in yellow) can also be seen but it isn't as relevant
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF GLW breaches today's low of $35.61 during tomorrow's session.
Volume Profile does not show many sellers above current price, and the volume and momentum are biblical on this one. Higher is certainly more likely than lower
Trendline Break
Entry 38.4
Stop 37
Target 46
*** Not sure why the Risk/Reward Ratio tool could not be displayed in this chart.
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trendline Break
Entry 38.4
Stop 37
Target 46
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Fibo cluster around 35,5USD
Assuming we are in an ABC correction following the uptrend movement 17,44-->46,81USD (wave 3)
with B @ 42,55USD
The ongoing C wave can be divided in 5 waves , however not with typical fibo ratios:
wave 2 = 50% of wave 1
wave 3 = 200% of wave 1
wave 4 = 61,8% of wave 3
Fibo cluster:
36,03USD = 78,6% of wave A
35,59USD = 61,8% of the...
I picked up options on this stock a couple of days ago from screener triggers.
Currently 14% green.
I ran fib from the largest drop I could find and based on long term fib we are over the 241% level. The next level is around $47 then long term resistance/support comes at $49/share.
