Would anyone else like to view a chart with this perspective? It puts the quarterly range in a highlight so you can look for beginning-of-quarter to end-of-quarter patterns. You can highlight the year in a different color too so you can see YEAR END very easily. The label could be 1Q instead of 1st Qtr.
You can see here in this break in GLW very easily that...
The S&P 500 just broke up consolidation that was theme of year 2014. Yeasterday, sectors that were recent laggards (high-beta, small-cap) showed relative strength.
Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape.
This solar company attract my attention. It was wedging...
Disclosure: Long shares of GLW since $17.39
A textbook cup and handle looks to be forming on Corning's daily chart with a trough to cup height of about $1. Volume has been confirming on the move upwards with a series of higher highs and lower lows. I expect a little bit of resistance here as a handle forms and then a break to new highs with a target of $19. Watch...
Cup with handle patterns are characterized as continuation patterns, but i believe can be both a continuation and reversal. This is an example of cup and handles with reversal implications. The breakout of the handle has a measured move target at 20.00 level.
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GLW has been consolidating in a range post the acquisition announcement and earnings, this range has slowly been creeping upwards, allowing the 50 dma to cartch up and provide meaningful support for the stock, for the most part, the 21 ema has provided support for the stock but the 50-day allows a nice stop against which to go long, my target for this is for it to...
