GT Overbought, RSI Signals Pullback to $20

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Analysis: At $21.38, GT’s 14-day RSI reads 78, indicating overbought conditions and a likely retracement (Web ID: 23). The price is trading above the upper Bollinger Band on the daily chart, a sign of exhaustion after testing $22.15 (Web ID: 11). A bearish divergence on the MACD suggests weakening momentum. Support at $19.95 (pivot) is the next target if selling pressure increases (Web ID: 17). Declining 24-hour volume (-40%) supports a bearish bias (Web ID: 6).
Trade Setup:
Entry: $21.30–$21.50

Target: $19.95 (6.5% downside)

Stop Loss: $22.50

Risk-Reward Ratio: 1:1.5

Confidence: High (70%)

Note: Confirm with increased selling volume.

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