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Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Weak | Strong |
P1 | 0 | 0 | 30.55 |
P2 | 36.20 | 35.50 | 35.39 |
P3 | 36.80 | 36.53 | 39.85 |
Long Term Trading Plans for GLW
December 28, 2020, 9:00 pm ET
The Technical Summary and Trading Plans for GLW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GLW Report.
GLW - (Long) Support Plan
The technical summary data tells us to buy GLW near 35.39 with an upside target of 39.85. This data also tells us to set a stop loss @ 35.29 to protect against excessive loss in case the stock begins to move against the trade. 35.39 is the first level of support below 36.19 , and by rule, any test of support is a buy signal. In this case, support 35.39 is being tested, a buy signal would exist.
GLW - (Short) Resistance Plan
The technical summary data is suggesting a short of GLW as it gets near 39.85 with a downside target of 35.39. We should have a stop loss in place at 39.97though. 39.85 is the first level of resistance above 36.19, and by rule, any test of resistance is a short signal. In this case, if resistance 39.85 is being tested, a short signal would exist.