Analysis: At $21.38, GT’s 14-day RSI reads 78, indicating overbought conditions and a likely retracement (Web ID: 23). The price is trading above the upper Bollinger Band on the daily chart, a sign of exhaustion after testing $22.15 (Web ID: 11). A bearish divergence on the MACD suggests weakening momentum. Support at $19.95 (pivot) is the next target if selling pressure increases (Web ID: 17). Declining 24-hour volume (-40%) supports a bearish bias (Web ID: 6).
Trade Setup:
Entry: $21.30–$21.50
Target: $19.95 (6.5% downside)
Stop Loss: $22.50
Risk-Reward Ratio: 1:1.5
Confidence: High (70%)
Note: Confirm with increased selling volume.
Trade Setup:
Entry: $21.30–$21.50
Target: $19.95 (6.5% downside)
Stop Loss: $22.50
Risk-Reward Ratio: 1:1.5
Confidence: High (70%)
Note: Confirm with increased selling 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.