Analysis: GT at $21.38 is trading just above the $21.15 resistance, a level it must close above to avoid further downside (Web ID: 2). The 1-week rating shows a buy, but the daily chart signals sell, with 9 of 17 indicators bearish (Web ID: 2). The Fear & Greed Index at 44 (Fear) suggests market caution (Web ID: 17). A drop below $21.15 could target $19.55, with stronger support at $18.74 (Web ID: 17).
Trade Setup:
Entry: $21.20–$21.40
Target: $19.55 (8.5% downside)
Stop Loss: $22.20
Risk-Reward Ratio: 1:1.8
Confidence: Moderate (60%)
Note: Monitor for a break below the 50-day SMA ($21.37).
Trade Setup:
Entry: $21.20–$21.40
Target: $19.55 (8.5% downside)
Stop Loss: $22.20
Risk-Reward Ratio: 1:1.8
Confidence: Moderate (60%)
Note: Monitor for a break below the 50-day SMA ($21.37).
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.
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.