GT's StochRSI on the weekly chart has formed a golden cross in the oversold zone, indicating a strong bullish trend with a target of $100. The break above the descending pressure line from previous highs suggests reduced resistance and opens the door for further gains. The daily chart reflects multiple bullish sessions, signaling robust buying momentum. The absence of significant volume during potential pullbacks points to shallow corrections and persistent bullish sentiment. Traders are advised to consider long positions in GT, aiming for a take-profit at $100 and setting a stop-loss between $22 and $22.5.
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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.