Analysis: 
GT is trading above the daily VWAP ($21.60) but showing signs of rejection near $22.00, with the RSI (14) at 65 nearing overbought. The stock’s recent 6.19% daily gain suggests short-term exhaustion. A bearish crossover on the stochastic oscillator supports a pullback to the VWAP or lower support at $20.00.
Trade Plan:
Entry: $21.70 (below current price after VWAP rejection).
Stop Loss: $22.20 (above recent high).
Target: $20.00 (VWAP/support, ~8.5% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 3-7 days.
Indicators: VWAP, Stochastic, RSI.
GT is trading above the daily VWAP ($21.60) but showing signs of rejection near $22.00, with the RSI (14) at 65 nearing overbought. The stock’s recent 6.19% daily gain suggests short-term exhaustion. A bearish crossover on the stochastic oscillator supports a pullback to the VWAP or lower support at $20.00.Trade Plan:
Entry: $21.70 (below current price after VWAP rejection).
Stop Loss: $22.20 (above recent high).
Target: $20.00 (VWAP/support, ~8.5% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 3-7 days.
Indicators: VWAP, Stochastic, RSI.
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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.