GT’s daily chart shows a potential double bottom at $11.50, a strong reversal signal. Price bounced twice there, and now it’s testing $12.20 resistance. The MACD line is crossing above the signal line, hinting at bullish momentum. Volume spiked on the second bounce—encouraging for bulls. If $12.20 breaks, $13 could be next, aligning with the 61.8% Fibonacci retracement. But if it rejects here, $11.50 support is critical—below that, $11 might be tested. RSI at 58 supports the upside case. Long above $12.20, stop at $11.90, or short a rejection with a tight stop. What’s your take?
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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.