Analysis: GT is consolidating above the 200-day SMA ($14.31), showing strong long-term support. The weekly StochRSI indicates a golden cross in the oversold zone, signaling potential bullish momentum toward $25, close to its all-time high of $25.94. The 14-day RSI at 26.10 suggests oversold conditions, hinting at a short-term reversal. Volume spikes on bullish candles support accumulation.
Trade Idea: Long GT at $19.50. Target $21.66 (first resistance) and $25 (secondary target). Stop loss at $19.00 (below support at $19.55).
Risk: Monitor for a drop below $19.00, which could invalidate the bullish setup.
Trade Idea: Long GT at $19.50. Target $21.66 (first resistance) and $25 (secondary target). Stop loss at $19.00 (below support at $19.55).
Risk: Monitor for a drop below $19.00, which could invalidate the bullish setup.
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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.