Analysis: At $21.8, 
GT’s 14-day RSI at 78 screams overbought, with the price trading above the upper Bollinger Band on the daily chart, a classic reversal setup. The weekly chart shows a lower high, repeating a 2021 bearish pattern. Declining volume indicates waning buyer interest. A correction to the $18.74 pivot support is likely, aligning with the 50-day SMA.
Entry: $21.80 - $22.00
Target: $18.74 (14.04% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 3.06:1
Indicators: RSI, Bollinger Bands, 50-day SMA, Volume
GT’s 14-day RSI at 78 screams overbought, with the price trading above the upper Bollinger Band on the daily chart, a classic reversal setup. The weekly chart shows a lower high, repeating a 2021 bearish pattern. Declining volume indicates waning buyer interest. A correction to the $18.74 pivot support is likely, aligning with the 50-day SMA.Entry: $21.80 - $22.00
Target: $18.74 (14.04% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 3.06:1
Indicators: RSI, Bollinger Bands, 50-day SMA, Volume
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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.