Grabbed some options on May 3 They are 50% in the green. The bull pennant and unusual call buying have inspired me to consider adding more calls. They are fairly inexpensive. I grabbed June 11 expiration, 17.5 strike for 90 cents each. They had a killer earnings a few days ago, also.
Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications...
$GT at good entry here for day trade, 50 MA + golden pocket confluence - Looks bull flag. Adding here and adding more on the break. tight stop, below given level.
$GT is in a downward trend from a high of 19.37, to today’s closing at 17.21, the stock dropped further to 17.05 after hours. The stock experienced a double rejection at 18.43 a week apart, making that price a strong resistance level. If current trends hold, $GT will stay under the 17.46 resistance level this Monday and stay under the top trend line the next day....
swing failure 18.75 61.8 fib confluence target swing low and below stop loss something like price closing above 19.20 or personal sl
Bullish Pennant, confirmed Pros: Post forming with volume Descending volume during flag forming PPS above 50MA and 200MA Golden cross in blue RS above 0, and ascending ATR Ascending R/R ratio above 5 250RSI above 50 200MA ascending Cons: No volume at break out Target: PT = 21.48$ 1000 Followers! Thank you all! Thank you to those who donate Coins! Stay Humble,...
After announcing $2.8 billion takeover of Cooper. The corporate action is assisting company to reaching biggest car market in the world- China Goodyear and Cooper are the two largest tire producers in the US, they lag behind rival manufacturers in market share and brand recognition in China. This purchase will be further strengthen sale in global and China due...
Hopefully sustainable breakout following a breakout from rubber futures. Trade with caution.
Hi friends the daily analysis shows that it will experience with a high probability an uptrend but at the same time you have to be vigilant of the change towards the opposite direction
GT looking bullish creating an ascending triangle might be a good underdog trade for 2021
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
Downsloping weekly trendline around $12.25 should act as resistance on a breakout (use as price target).
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...