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
What a great short opportunity. The triple top reversal pattern is a great bearish pattern that short sellers love. My entry target is $14 to $14.50 with a stop at $14.75 and a target of $11.50
Weekly chart with bollinger bands revealed a spinning top just under the middle band on an established downward trend. January $14 long puts are looking pretty tasty. My exit target is $11 please do your own DD
Good Year Tires good opportunity to go long with bullish candle stick pattern confirmation and MACD confirmation to buy in, an expected consolidation will occur for another trace in. GT has been respecting 100 EMA and 10 EMA crossovers, next crossover would indicate a strict exit confirmation to sell long positions.
DO NOT HAVE TIME FOR DESCRIPTION, JUST SHORT GT FROM LEVEL
I HAVE REALLY SKILL IN SHORT GT TWICE AND RESULT WAS VERY WELL.
TODAY, I ANNOUNCED MY IDEA TO PUBLIC SHORT GT, I THINK THAT IS BEST IDEA,
I EXPECTED ABOUT 33% PROFIT FROM THIS DEAL, STOP LOSS OR ANOTHER POINT FOR RISE POSITION TO LONG I SEE 15.95,
SO STOP LOSS IS ABOUT 9% FOR CURRENT PRICE.
Notice it respected the trend line on the monthly chart and had a multiple bottom at $11. The MACD is curling up on the daily and has already crossed on the 55min.
Started my position with some $11 October 18 calls and will add on the break of 11.81 (.236 Fib)
