Analysis: 
GT saw a high-volume rejection at $22.50, forming a shooting star candle on the daily chart. The stock’s 1-month rating is neutral, suggesting fading momentum after a 10.95% monthly gain. The DMI shows -DI crossing above +DI, indicating bearish dominance. A break below $21.50 could target $19.50, aligning with prior support.
Trade Plan:
Entry: $21.50 (break below current price).
Stop Loss: $22.60 (above shooting star high).
Target: $19.50 (prior support, ~10.9% downside).
Risk-Reward Ratio: 1:2.
Timeframe: 1-2 weeks.
Indicators: DMI, Volume, Candlestick Patterns.
GT saw a high-volume rejection at $22.50, forming a shooting star candle on the daily chart. The stock’s 1-month rating is neutral, suggesting fading momentum after a 10.95% monthly gain. The DMI shows -DI crossing above +DI, indicating bearish dominance. A break below $21.50 could target $19.50, aligning with prior support.Trade Plan:
Entry: $21.50 (break below current price).
Stop Loss: $22.60 (above shooting star high).
Target: $19.50 (prior support, ~10.9% downside).
Risk-Reward Ratio: 1:2.
Timeframe: 1-2 weeks.
Indicators: DMI, Volume, Candlestick Patterns.
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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.