Corning is a great company with very diversified income streams but is often just associated with phone screens, which may have hurt its share price given the negative growth in smartphones. The company is currently very close to the analysts price estimate of $36 and from a charting perspective indicators are neutral. Despite good earnings the stock could sell...
GLW is a 27 billion dollar champion that makes all my phone screens. Screens are pretty important. Seems like a decent long term bet that this guy is gonna stick around.
In the short term, it seems like this guy bounced right off of a resistance line, and pending any sad news from the fed or China or whatever, I think this will be keep inching up to it's top...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
I hate to call a top but this sure looks like a top with near term potential fib fan cross right below. Lots of risk up here. Those past earnings were amazing though.
Bullish on GLW
A lot of bullish signals in the past few weeks
rounding bottom
earnings gap up
a few weeks of consolidation
break out of consolidation base
$GLW C&H Breaking Out - will be some resistance at $35, but once that level is broken we could see $40 by next earnings report late October.
Note: Informational analysis, not investment advice.
8 month rounding bottom completed
gapped up huge on earnings beat
currently consolidating
In my opinion, will retest 52 week highs
and finally another break out.
$GLW Corning looking over-extended after earnings beat and subsequent run up today. Looking like resistance around $32.80 is going to hold. Expecting a retrace to at least $31.00 in the very near term, as low as $30.00 possible.
Note: Observation/opinion, not investment advice.
