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Jan 15, 2019 9:19 AM

GT Approaching Support, Potential Bounce! Long

The Goodyear Tire & Rubber CompanyNASDAQ

Description

GT is approaching our first support at 18.86(horizontal overlap support, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 25.72 (horizontal pullback resistance, 100% fibonacci extension, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also seeing a bullish divergence and appraoching support where we might see a corresponding bounce above this level.
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