Potential Long entry upon a break above the local resistance line
and the Previous Pivot Point @$10.70.
Golden cross just complete on the moving Averages .
Considerable gap in the visable Range above current level.
The obvious move away from public transport and booming
car industry must have had a bullish effect on earnings
Highs: 1987, 1997, 2007, 2017......2027?? = when the year ends in a 7.
lows: 1987, 1998, 2009, 2020....2031?? = a major low happens 11 years from the last low.
the date when most highs happen is in june - july.... which is to be expected since the companies birth month is aug. companies like to change major trends on their birth month.
if it breaks above 40...
GT is in Bullish trend in the weekly and daily charts. I expect the price to fluctuate in this channel till it reaches around 15 followed by a correction.
GT in a bearish channel sice mid 2017.
Bounced on support around 3.50 wich was 2003 and 2009 historical lows.
May point into a bullish reversal.
Must break through 9.69$ resistance and through 50MA to confirm.
If confirmed:
Target #1 = 18,73$
Target #2 = 24$
Target #3 = 29,58$
Target #4 = 36,51$
If someone is looking for a long term investment I like GT.. I always look for companies that won't go out if business, have a strong brand name and pay a dividend that is likely to not get cut while you wait.. This hits every one. You can wait a little longer but this looks like a great spot to get in.
Potential long play here as reversal of downtrend is forming. Recent highs have broken the last value area of the downtrend (rectangle in chart). Could get a play back to ~17.30
