An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
An intraday (4 hour time frame) hight potential, BackTested SORT Analysis.
We ll try to enter into the correction of the uptrend movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR...
An intraday (4 hour time frame) hight potential, BackTested SORT Analysis.
We ll try to enter into the correction of the uptrend movement.
1) Inversed Hammer pointing sort term price reversal.
2) Three Tops Diverged to CCI Oscillator for Sort movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK...
GLW has 40 IVR, with decent ROC at the $29 strike.
I bought the 23 put just to reduce some of the capital reduction for now, but if assigned, I'll make room to take these shares and then sell calls.
23/29 Sept 15 put spread @ $0.44, 2 contracts.
the story behind this trade is GLW entering the automotive field to use their gorilla glass in cars in windshields. This way weight can be reduced by 30% and also it is more resistant.
Not only that but also does the development of cars head for a so called "cockpit"-style. more and bigger displays will be put into cars and realize the man-machine-interface...
There is a great flag pattern formation. So we had a nice gap up and a strong candle from earnings and then the stock start to slow a little bit with low volume ( people were taking profits). So after two weeks the price just broke the old range with good volume so this is a great opportunity to buy the stock .
;yesterdays close represents a multi-month high and a break of the stubborn $21 level. With good trading volume it is suggestive of a continuation of the uptrend that has been in place since the reversal in the middle of May.
