I currently have a GLW position with a cost average of $14.06. The chart above highlights the techincal perspective. As you can see, the orange line highlights key resistance. In order for the stock to continue to move higher, it needs to close above $16.85ish. Once that happens, the shorts will run and the bulls can conquer this stock to $18 or $20. As you can see by the support line (the blue line) support for the stock is $14. The stock has traded from a $14 to $16 channel 3 times since April and this is make or break for GLW. Either it will break resistance or it will continue to channel. Use the chart as your guide and if it looks like we are heading to $16, it's likely just a continuing channel that will lead to $14 or $15. If we close above $16.85, the blue circle highlights the next "upside" run...(+1 to 4 more points).
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