GLW is bearish due to technical weakness; likely to drop to $125 if it fails to hold above the 20 and 50-day SMAs.

Here is Corning. We are up 5% here. This was trading along the 200. So the this actually looks like a really nice hold of that 200. This takes us up to 15140. That's basically where the 20 is.

That means the 50-day is next here. 15575. That definitely would be a key level. I think that 172 173 area might also be a key level. 13. What do you think here? Ticker GLW Corning.

Similar to GEV. This is going to be this is likely going to open uh above the uh the 200 uh day SMA and you know we'll have to see how it closes but it's also being having its price suppressed incidentally all uh September but also part of August by the 20-day SMA.

So I think a 20-day SMA recapture is going to uh be notable. Now we did have that happen uh in September for you know a few days and we just fell right back beneath here. I'm a little bit more concerned about the way this one looks uh this chart.

Um I get the sense that uh if we can't recapture both that 20 and 50 day SMA and and hold above it, we're we're likely going to lose that 200. I I just it just looks like this is going to come back in towards 125 again.

Um just based on the way this is uh been trading over the past uh you know few months. Um this uh initially had that move up to the 275 area and then we just really like it just got cut completely in half.

Yeah. More. Um found support around the 113 uh uh level and it just looks like it's it's just bouncing uh in order only to come back down to that same level where it bounced. So I'm not sure about uh corning right now.

It looks like this uh still could have some downside pressure, but as I said, if we do get the recapture of those moving averages, I think that uh maybe that does nullify the downside.