RSI Oversold Reversal on Daily Chart

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Description: The daily RSI for GT recently dipped to 26.10, indicating oversold conditions, followed by a price bounce to $22.145. This reversal is supported by a hammer candlestick pattern at the $20.77 support level (lower Bollinger Band). The price is now testing the 50-day SMA at $18.44, with potential to reclaim the 20-day SMA at $22.59. A close above $22.59 would confirm bullish momentum.

Key Indicators/Patterns: RSI oversold, hammer candlestick, 50-day SMA, 20-day SMA.

Price Target: GT could rally to $23.00-$23.50 within 5-7 days if it breaks above $22.59.

Timeframe: 5-7 days.

Source Reference: (RSI at 26.10, Bollinger Bands), (50-day SMA).

Feragatname

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