Today we will analyze the stock CORNING INC (GLW.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in CORNING INC (GLW.MU)
1- Last bullish trend was from 10.02 $ (4/24/2012) to 10.88 $ (4/30/2012) a 0.86 $ move 2- The current bearish trend started from 10.88 $ at 4/30/2012 and is currently trading at 10.41 $.
3- GLW.MU current support level is at 10.35 which is the 61.80 % fibonacci retracement of the last 0.86 $ move.
4- GLW.MU current resistance level is at 10.45 which is the 50.00 % fibonacci retracement of the last 0.86 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CORNING INC (GLW.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 10.880 .
7- The Stock formed a 1.130 $ height triangle.
CORNING INC (GLW.MU) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 10.020 and 9.720, and is currently supporting at 10.093.
CORNING INC (GLW.MU) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 1.680 $ height triangle which was broken up at 10.600, target of the pattern is 12.280.

Stock Trading Conclusion:
CORNING INC (GLW.MU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 10.45, 10.52, 10.55, 10.59, 10.65, 10.68, 10.70, 10.88, 10.88, 12.28.
Stock Support levels : 10.35, 10.09, 10.02, 9.79, 9.55,.