Analysis: 
GT is trading near a descending trendline resistance at $22.20, which has capped upside since early 2024. The RSI (14) at 64 suggests overbought conditions, and stochastic oscillators show a bearish crossover in the overbought zone. Volume is declining on recent upticks, indicating weak buying pressure. A break below $21.50 could target the 200-day EMA at $19.80.
Trade Plan:
Entry: $21.60 (below current price after trendline rejection).
Stop Loss: $22.30 (above trendline).
Target: $19.80 (200-day EMA, ~9.2% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 1-2 weeks.
Indicators: RSI, Stochastic, 200-day EMA.
GT is trading near a descending trendline resistance at $22.20, which has capped upside since early 2024. The RSI (14) at 64 suggests overbought conditions, and stochastic oscillators show a bearish crossover in the overbought zone. Volume is declining on recent upticks, indicating weak buying pressure. A break below $21.50 could target the 200-day EMA at $19.80.Trade Plan:
Entry: $21.60 (below current price after trendline rejection).
Stop Loss: $22.30 (above trendline).
Target: $19.80 (200-day EMA, ~9.2% downside).
Risk-Reward Ratio: 1:1.8.
Timeframe: 1-2 weeks.
Indicators: RSI, Stochastic, 200-day EMA.
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