Analysis: 
GT is trading near a descending trendline resistance at $22.20, which has capped upside since early 2024. The RSI (14) at 64 suggests overbought conditions, and stochastic oscillators show a bearish crossover in the overbought zone. Volume is declining on recent upticks, indicating weak buying pressure. A break below $21.50 could target the 200-day EMA at $19.80.
Trade Plan:
Entry: $21.60 (below current price after trendline rejection).
Stop Loss: $22.30 (above trendline).
Target: $19.80 (200-day EMA, ~9.2% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 1-2 weeks.
Indicators: RSI, Stochastic, 200-day EMA.
GT is trading near a descending trendline resistance at $22.20, which has capped upside since early 2024. The RSI (14) at 64 suggests overbought conditions, and stochastic oscillators show a bearish crossover in the overbought zone. Volume is declining on recent upticks, indicating weak buying pressure. A break below $21.50 could target the 200-day EMA at $19.80.Trade Plan:
Entry: $21.60 (below current price after trendline rejection).
Stop Loss: $22.30 (above trendline).
Target: $19.80 (200-day EMA, ~9.2% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 1-2 weeks.
Indicators: RSI, Stochastic, 200-day EMA.
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.