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.
notice RSI and the bounces off -1stddev, MA20 then 1stddev
GLW: Corning Incorporated 2021-03-26 09:00:00 Corning Announces Expansion of Contract with U.S. Departments of Defense, Health & Human Services
GLW - It seems the impulse over in 4 hr time frame and now expecting correct down. it seems like in ABC zigzag down. so sell on slight bounce with stop level above 36.22 for target zone below 33.50 or lower. Give thumbs up if you really like the trade idea.
GLW - It is in strong up trend and in impulse cycle from Covid low. It is about to complete the 1st subwave of 5th wave up in 30 min time frame, so wait for 2nd wave correction to get in to buy set up with stop level below 31.30 and enter the trade near 33 level for 3rd subwave up, which probably go above 36 level. It is outperforming the SPX, which is added...
see charts at www.tradingview.com Sell Short Entry $29 1st Target $27.05 2nd Target $26.05 Buy to cover Stoploss $30 Why this play? Chart Pattern, Looking for a pull back instead. Since market is scary high. What is Glw? Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life...
Hey investors, CORNING is in a compression zone, continuity of a bullish signal if you climb more than half of the stabilization zone then you should break to go to another. Please LIKE & FOLLOW, thank you!
Double bottom, then gained support. MACD passing 0 and OBV is following the current trend. Looking for about 7-15% return in a shorter perioid. strongest resistance lies on the fib. and may be my exit point. Likely to buy in tomorrow AM.