GT is approaching our first support at 61.8% fibonacci retracement (horizontal overlap support, 61.8% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 23.50 (horizontal swing high resistance, 23.6% fibonacci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a...
GT is approaching its support at 20.51 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 22.58 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
GT is approaching its support at 19.51 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 25.25 (38.2% Fiboncci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
Goodyear came out with results yesterday, and I quote: "Q1 EPS of $0.50 beats by $0.04. // Revenue of $3.83B (+3.5% Y/Y) beats by $10M. // Looking ahead, Goodyear reaffirms prior guidance for 2018 segment operating income of $1.8B to $1.9B. Management expects the TireHub joint venture to be the "cornerstone " of its aligned distribution network." This would...
SPX weekly chart looks bearish if 2424 is penetrated again.. Cheers, Keops
Potential move if 615.35 resistance is breached. Cheers, Keops
Gold may have bottomed and ready to climb the up trend channels. Cheers, Keops
Could go to 79-80$ range next week ! Cheers, Keops
GT expected to open at 26.81 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
- Auto and Tires are under-performing the S&P - GT has formed a down trend - Short on a break below 24 along with a bearish market condition (reversion to the down trend )