Analysis: GT’s 14-day RSI at 59.98 is neutral but trending toward overbought on shorter timeframes (4-hour RSI at 70). The price is below the 200-day SMA ($20.60 projected), and a bearish divergence on the MACD suggests weakening momentum. Support at $19.00 is critical.
Trade Idea: Short GT at $19.50, targeting $19.00 and $18.50. Stop loss at $20.00.
Risk: A break above $20.90 could push GT toward $21.66.
Trade Idea: Short GT at $19.50, targeting $19.00 and $18.50. Stop loss at $20.00.
Risk: A break above $20.90 could push GT toward $21.66.
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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.