Goodyear can move due to the following reasons:
- Moving in a harmonic triangle ABCD pattern
-Consolidating in Darvas Box.
- RS near 0 line so offers great R:R.
-Best range to buy is between 925-940.
Move can be towards 1160+ levels once breaks out.
All tyre stocks look really good for medium term on charts. Ceat, Goodyear, Apollo, JK Tyre, etc.
Keep a...
The stock has given Consolidation breakout on the daily chart with a good delivery volume. All oscillators are in bullish bios. Closing above 933 will confirm the breakout. We can expect a price target of 1000 in the near term.
I am the first one to publish idea in Goodyear tire on trading view .Chart look good for short term to .Position can be taken for short term with stop loss of 950 for target of 1050 to 1125 and it great stock to keep in portfolio for long term because of its dividend yield of 8% and it can go upto 1300.
Hi Friends,
Good year chart looks good for long entry as the price given upper trend line breakout with decent volume. we can expect a target of 850+ in near term.
Long position suggested while price moving back to the trend line with stop loss of 690 on closing basis, First Target of 850 ( Which is D leg completion of bearish BAT- where we will review the chart...
