Analysis: 
GT formed a double top pattern near $24.19, its cycle high, indicating strong resistance and potential exhaustion of bullish momentum. The price has since declined, trading below the 20-day Exponential Moving Average (EMA) at $22.15, a bearish signal. The MACD line is crossing below the signal line, confirming weakening momentum. If GT fails to reclaim $22.15, it could slide toward the $19.95 support, with a deeper correction to $18.74 possible.
Entry Point: $21.90
Target Price: $19.95
Stop Loss: $22.50
Timeframe: 2–3 weeks
Rationale: The double top and bearish MACD crossover suggestGT is poised for a correction, especially after failing to sustain gains above recent highs.
GT formed a double top pattern near $24.19, its cycle high, indicating strong resistance and potential exhaustion of bullish momentum. The price has since declined, trading below the 20-day Exponential Moving Average (EMA) at $22.15, a bearish signal. The MACD line is crossing below the signal line, confirming weakening momentum. If GT fails to reclaim $22.15, it could slide toward the $19.95 support, with a deeper correction to $18.74 possible.Entry Point: $21.90
Target Price: $19.95
Stop Loss: $22.50
Timeframe: 2–3 weeks
Rationale: The double top and bearish MACD crossover suggest
GT is poised for a correction, especially after failing to sustain gains above recent highs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.