$GT Poised for Bullish Breakout Above Key Resistance at $16.5

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Analysis: On the daily chart, GT is forming a bullish ascending triangle pattern, with price action respecting higher lows since early June 2025. The 50-day SMA ($15.80) is acting as dynamic support, while the RSI (currently at 52) indicates neutral momentum with room for upside. Volume is increasing on bullish candles, suggesting accumulation. A breakout above the $16.50 resistance could confirm bullish continuation.
Key Levels:
Support: $15.30 (50-day SMA), $14.80

Resistance: $16.50, $17.20

Target: $18.00 (measured move from triangle)

Outlook: Long on a close above $16.50 with a stop loss below $15.30. Target $18.00 for a 15%+ gain. Monitor volume for confirmation of breakout strength.

Penafian

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