GT's weekly StochRSI golden cross in the oversold zone signals a strong bullish trend, with a target price of $100. The break above the descending pressure line from previous highs indicates reduced resistance and opens the door for further advances. The daily chart's bullish candles reflect strong buying momentum. The lack of significant volume during potential pullbacks suggests limited downside and persistent bullish sentiment. This setup presents an attractive opportunity to go long on GT, with a take-profit at $100 and a stop-loss between $22 and $22.5.
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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.