Analysis: 
GT at $21.8 is overextended after a 168.98% yearly gain. The daily chart shows a bearish divergence on the MACD, with the price above the upper Bollinger Band, indicating exhaustion. The weekly forecast low at $19.46 is a likely target for a correction, supported by decreasing trading volume. The 1-day technical analysis shows a sell signal.
Entry: $21.80 - $22.00
Target: $19.46 (10.73% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 2.34:1
Indicators: MACD, Bollinger Bands, Volume
GT at $21.8 is overextended after a 168.98% yearly gain. The daily chart shows a bearish divergence on the MACD, with the price above the upper Bollinger Band, indicating exhaustion. The weekly forecast low at $19.46 is a likely target for a correction, supported by decreasing trading volume. The 1-day technical analysis shows a sell signal.Entry: $21.80 - $22.00
Target: $19.46 (10.73% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 2.34:1
Indicators: MACD, Bollinger Bands, Volume
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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.
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.