GLW LongTrendline 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.
Corning Inc
No trades
Trade ideas
Corning GLW longFibo 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 major wave (3)
35,5USD = 261,8% of wave 1
Strategy = enter on these levels
or enter first when wave 4 is broken (around 39USD)
Targets
to be detailed later depending of trading term but above 50USD
$GLW - targets are $47 then $49I 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.
Corning Announces Expansion of Contract with U.S. Departments ofGLW: Corning Incorporated
2021-03-26 09:00:00
Corning Announces Expansion of Contract with U.S. Departments of Defense, Health & Human Services
GLW - Elliottwave analysis - Bear case 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 - Elliottwave analysis - 5th wave upGLW - 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 benefit to the trade set up.
Give thumbs up if you really like the trade idea.
Short GLW as Hedgesee 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 sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications.
PAY on CORNINGHey 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.
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GLW good temporary upward momentumDouble 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.
Corning Inc (#GLW- US) Sell for 5th wave downCorning Inc (#GLW- US) seems within 4th wave triangle. Sell when it seems triangle broken down for 5th wave down cycle.
Watch closely after earning on 28th, so no trade till earning. (give respect to data like earning).
Corning staying strong above 17 year uptrendRecent test and rebound off of a 17 year long uptrend, breaking a bearish channel.
Is Corning attempting to get out of the Feb 21 bearish channel?In April 7 we will know it for sure. However, Corning has big operations in China and there a suspicions that China is misleading the world about coronavirus infected people. Meanwhile, the US is getting worse with its high number of cases. Therefore, Corning has reasonable chances to test the previous minimum at 17.54 zone. But recently, even though the big news about COVID-19, Corning has been testing to get out of the bearish channel started on Feb 21 with a failed Three Drives Pattern. Therefore, the stock might try to conquer $22 level either before or after reaching 17.54 level. If it does not reach that low level and drops until just $18.50, we might be experiencing the start of a new bullish channel.
GLW - Bullish EMA Cross and Upcoming 10WeekMA CrossTHIS IS NOT READY. Ready after confirmation of daily close above $29.34 (or 10WeekMA).
GLW - Corning (maker of Gorilla Glass for phones) has a bullish EMA Cross.
Short term bullish bias after 10WeekMA cross. Holding for day(s) to a week max.
I would wait until after Xmas to enter this trade. I may enter on Friday and hold over weekend.
This will be a Put Credit Spread - bullish bias.
I will update with possible entry prices and expiration once I enter.
GLW has weekly options making entry easy IMO.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and will be updating my username here. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short-term NFLX
Corning Announces FDA Approval of Valor® Glass for Packaging of GLW: Corning Incorporated
2019-10-25 09:30:05
Corning Announces FDA Approval of Valor® Glass for Packaging of Marketed Drug Product
GLW long setupGLW’s innovation outlook is trending up based on a current score of 83 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is neutral. GLW is an Average Performer in terms of sustainability. It is most exposed to Duke Energy Corporation as its supplier. Over the past 4 quarters GLW beat earnings estimates 3 times and it pays dividend higher than its peers.
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Corning Inc offers reversal opportunity.====Entry level $29- Target price $33====.
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through the following five business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. The Life Sciences segment develops, manufactures and supplies scientific laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
GLW approaching bottom of wedgeGLW is approaching the bottom of it's long-term wedge in the $28.80 area.
$GLW Growth is expected in Corning's earnings, expectations highCorning 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 off ass previous reports, so we will wait and see before reassessing our view.
Corning, Inc. develops and manufactures specialty glass and ceramics. It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies.
