GT's StochRSI on the weekly chart has formed a golden cross in the oversold zone, signaling a strong bullish trend with a target of $100. The descending pressure line from previous highs has been decisively broken, indicating reduced resistance and opening up upside potential. With multiple bullish candles on the daily chart, buying momentum is clearly dominant. The absence of significant volume on any potential pullbacks suggests that market sentiment remains bullish, and any correction is likely to be shallow. This confluence of factors makes it an opportune time to initiate long positions in GT, with a take-profit target set at $100 and a stop-loss range between $22 and $22.5.
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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.