S&P 500 IndexLong
#0001: GLW - Flag in an UpTrend
22/07/2014
Corning Inc (GLW)
On the daily graph we can see an ascending triangle in an uptrend. There were breakout @21.74 and we can see there is an flag near upper line of the ascending triange, which is bullish signal.
I'd bought at current market price with stop loss at $21,45.
Measured price target is approx. $22,80.
Extended price target is approx. $23,60.
After flag figure breakout, I'd set my stop-loss at break-even.
edit 23/07/2014
Decided to save current stop-loss at $21,45.
Corning Inc (GLW)
On the daily graph we can see an ascending triangle in an uptrend. There were breakout @21.74 and we can see there is an flag near upper line of the ascending triange, which is bullish signal.
I'd bought at current market price with stop loss at $21,45.
Measured price target is approx. $22,80.
Extended price target is approx. $23,60.
After flag figure breakout, I'd set my stop-loss at break-even.
edit 23/07/2014
Decided to save current stop-loss at $21,45.
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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.