The Ichimoku Cloud on the daily chart shows 
GT at $20.8 trading below the cloud, signaling short-term bearish pressure. The Tenkan-sen ($21.10) acts as immediate resistance. A drop below $20.73 could target $19.55, while a cloud breakout above $21.44 could flip bullish. Recent market correction adds caution.
Key Levels: Support at $20.73, resistance at $21.10 and $21.44.
Indicators: Below Ichimoku Cloud, bearish sentiment.
Outlook: Bearish unless cloud breakout occurs.
GT at $20.8 trading below the cloud, signaling short-term bearish pressure. The Tenkan-sen ($21.10) acts as immediate resistance. A drop below $20.73 could target $19.55, while a cloud breakout above $21.44 could flip bullish. Recent market correction adds caution. Key Levels: Support at $20.73, resistance at $21.10 and $21.44.
Indicators: Below Ichimoku Cloud, bearish sentiment.
Outlook: Bearish unless cloud breakout occurs.
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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.