Analysis: 
GT is trading within a descending channel on the daily chart, with the price rejecting the upper trendline at $16.00. The RSI is at 40, nearing oversold but with room for further downside. Volume is higher on bearish candles, indicating seller dominance.
Key Levels:
Support: $14.50, $13.80
Resistance: $15.80, $16.00
Target: $13.80
Outlook: Short on a rejection at $15.80 with a stop loss above $16.20. Target $13.80 for a 10%+ decline. Watch channel boundaries for price action.
GT is trading within a descending channel on the daily chart, with the price rejecting the upper trendline at $16.00. The RSI is at 40, nearing oversold but with room for further downside. Volume is higher on bearish candles, indicating seller dominance.Key Levels:
Support: $14.50, $13.80
Resistance: $15.80, $16.00
Target: $13.80
Outlook: Short on a rejection at $15.80 with a stop loss above $16.20. Target $13.80 for a 10%+ decline. Watch channel boundaries for price action.
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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.
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.