Analysis: 
GT is trading in an ascending channel with resistance at $22.50 and support at $20.80. A recent failure to break $22.50, coupled with a bearish RSI divergence (price higher, RSI lower), suggests a potential channel breakdown. The stock’s 0.92 beta indicates it may follow broader market weakness. A break below $21.50 could target $19.00.
Trade Plan:
Entry: $21.40 (break below channel support).
Stop Loss: $22.00 (above channel resistance).
Target: $19.00 (next support, ~12.8% downside).
Risk-Reward Ratio: 1:2.3.
Timeframe: 1-2 weeks.
Indicators: RSI, Channel Pattern, Volume.
GT is trading in an ascending channel with resistance at $22.50 and support at $20.80. A recent failure to break $22.50, coupled with a bearish RSI divergence (price higher, RSI lower), suggests a potential channel breakdown. The stock’s 0.92 beta indicates it may follow broader market weakness. A break below $21.50 could target $19.00.Trade Plan:
Entry: $21.40 (break below channel support).
Stop Loss: $22.00 (above channel resistance).
Target: $19.00 (next support, ~12.8% downside).
Risk-Reward Ratio: 1:2.3.
Timeframe: 1-2 weeks.
Indicators: RSI, Channel Pattern, Volume.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.