Analysis: The 1-hour chart shows 
GT trading near the upper Bollinger Band ($16.20) with an RSI of 78, indicating overbought conditions. A bearish divergence is forming, as the RSI declines while price tests resistance at $15.80. Low volume on recent highs suggests fading momentum.
Key Levels:
Support: $14.80, $14.50
Resistance: $15.80, $16.20
Target: $14.50
Outlook: Short on a rejection at $15.80 with a stop loss above $16.20. Target $14.50 for a 7% pullback. Monitor RSI for continued divergence.
GT trading near the upper Bollinger Band ($16.20) with an RSI of 78, indicating overbought conditions. A bearish divergence is forming, as the RSI declines while price tests resistance at $15.80. Low volume on recent highs suggests fading momentum.Key Levels:
Support: $14.80, $14.50
Resistance: $15.80, $16.20
Target: $14.50
Outlook: Short on a rejection at $15.80 with a stop loss above $16.20. Target $14.50 for a 7% pullback. Monitor RSI for continued divergence.
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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.