4GLW trade ideas
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.
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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.
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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.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
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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.
GLW, you glass my world. I like you for a credit spread. 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 around 36.
May 36/37 spread is .31. Max profit 220%.
it's at 34.61 tonight. It has to go up 2.39 (7%) in 59 days.
It would have to break through it's alltime high. Is that hard? I heard somewhere that there could be higher highs before this train derails. I'm hoping GLW is one of them.
Luckily if my target gain is only 50%, it doesn't have to go all the way there. It just has to head in that direction for a while.
Go baby go.
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Unrelated thought... is anybody else using tradingview for options trading? Comment if you are. Let's be friends and make all the money.
GLW 17 & 9 RRR shortsTrading 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 Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
