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Goodyear Trading Analysis (16/07/2024)

16.07.2024

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.

Trading idea:

Sell at the breach of 11.36
Stop-loss at 11.53.
Price targets at 11.20 and 10.63.

#goodyear #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC

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