Corning (GLW) Short-Term Projection - Technical Analysis

9 thg 7, 2024

Corning has been building momentum since ~ Oct 2023, and finally had a bullish change of Character the week of June 10. We've retested the support area ~ $38 the week of July 4th, and confirmed the bullish support. Fib extensions from the last H4 move target price moving to $43.65, and then to $47.20 before the next resistance is in play. An expected initial pullback would be to $40.10, with a possible push to the FVG to be filled at $38.53. This should be a strong buy area if you missed the earlier entries, and are looking for a long-term hold.