Push to 50%?

The last update had a stop level at 133.24, for short position GLW-26-06.

Once that level was penetrated, the trade was not exited immediately but monitored for a more advantageous (better priced) level.

When it became obvious GLW was likely to close higher for the day (which it did), the trade was covered at 132.984, slightly below the stop level.

Now, we’re on the sidelines watching to see if there’s a reversal at this point or if price action makes it to 50%, and another possible up-thrust (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279