Corning Inc. breaking out!

Breaking out after a retrace from a previous failed attempt at breaking the resistance line. Check the monthly candle chart with 10 years of data. The arrow is the measured move added to the horizontal breakout line.

glw_m

Weekly candle chart (5 years) shows the weekly break from that huge bottom formation.

glw_w

The daily candle chart (1 year) details the move out of resistance area. Check out the breakaway gap.

glw_d

If the current monthly candle can close above the breakout line, it’s a go with┬átarget at the 35 mark. Note, watch out for some turbulence around the 28 mark (previous resistance).

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.