Analysis: GT’s long-term bearish bias is evident with lower highs and decreasing volume. The price is below the 200-day SMA ($20.60), and a break below $19.55 could accelerate losses to $17.50. The RSI at 13.85 (oversold) may delay the drop, but momentum favors bears.
Trade Idea: Short GT at $19.50, targeting $17.50. Stop loss at $20.90.
Risk: Oversold RSI could trigger a short-term bounce to $20.50.
Trade Idea: Short GT at $19.50, targeting $17.50. Stop loss at $20.90.
Risk: Oversold RSI could trigger a short-term bounce to $20.50.
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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.