GT eyes on $8 major support: if it has a bottom, this may be it

Oct 24, 2024

GT has been in a down trend for some time.
Currently testing a major support vigorously.
Possible Inverse-Head-n-Shoulders in progress.

I know nothing about Goodyear nor tire industry.
Is it a "has been" that can't make tires anymore?
If it HAS a bottom, then this be make a good one.

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Nov 7, 2024

Trade active

Houston: "We have Ignition"

PREFECT launch and Golden-to-Golden pop

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Zoom in (m5)

Gorgeous move and Ping that ended this leg.

Adding some color to the zones of interest:

$9,69 - 9.76 will be pretty strong resisstance
$9.22 - 9.30 will be first good support to hold.

Likely some consolidation before next leg.

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Nov 12, 2024

Note

Followup to last update above;

Got past our first resistance and retesting from above.

So I will flip that zone to support (Green) and looking above:

Our next resistance and target will be $10.43-10.51.
That assumes bulls can hold support at $9.69-9.76.
So SL below 9.69 is probably a good place to bail.

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