Simply my thoughts from here. My buddy Mark asking "From Mark I am not in , but do you see GLW breaking to upside 2-3 within 2-3 month time ? Thank you" My answer "yes"
One bearish, one bullish. Let's see what the market gives us.
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...
nice up gap after earnings+ Trend long- could breath a little bit but extrem LONG!
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 .
I prefer to wait for a breakout confirmation in the downside
are buying opportunities at this time. Very short term trade. Exit before earnings if close ot or tgt hits
Also Resistance Area. Good Trade before earnings. Moving stop up
Description of Chart : Everywhere I am looking I am seeing charts running into some form of resistance. We are either going to break down or we are going to break up hard. This chart is on the weekly and looking over the last year this stock has been in a nice up trend. Now running into resistance so a short position would make sense. Website :...
;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.
Corning Inc has formed a triangle. range narrowing down. waiting for a breakout. Be patient.
perhaps it could be an double top at 19 usd with a neckline at 17.70?