NASDAQ:GT broke out of the flag pattern and is ready to post some more gains. Anticipated price action and targets are shown on the chart, stop loss at 15$. Hit the like button and follow if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
Uptrend Important point : I suppose one of the important factors for choosing a position for entry is that the chart obeys of technical rules .As you see GOOD YEAR has a good chart and I suppose it'll touch $37 and sure SL could be $15 . Good luck .
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,...
UPTREND I suppose GT has a good opportunity for good rising ,firstly toward top ,even upper targets .
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