Corning (GLW) has formed a classic Head and Shoulders pattern on the daily chart, signaling a potential trend reversal. The neckline has been broken, confirming the bearish setup.
🔻 Entry: Breakdown below the neckline
🔴 Stop Loss: 53.53 (above the right shoulder)
✅ Target: 44.87 (measured move projection)
Volume is increasing on the breakdown, adding conviction to the bearish bias. Traders should watch for further downside confirmation.
🔻 Entry: Breakdown below the neckline
🔴 Stop Loss: 53.53 (above the right shoulder)
✅ Target: 44.87 (measured move projection)
Volume is increasing on the breakdown, adding conviction to the bearish bias. Traders should watch for further downside confirmation.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.