GT: Bit of patience and the swing up might occur for 30% gains
Goodyear came out with results yesterday, and I quote:
"Q1 EPS of $0.50 beats by $0.04. // Revenue of 3.83B (+3.5% Y/Y) beats by 10M. // Looking ahead, Goodyear reaffirms prior guidance for 2018 segment operating income of 1.8B to 1.9B. Management expects the TireHub joint venture to be the "cornerstone " of its aligned distribution network."
This would bring the price up at least a bit right? Well no, it ended that day with -5%!
There's no logic in this price decline and that is why I place it in my watchlist, and will time the entry once the critical supports are hit, indicated on the chart above. Exit should be north of 32$, zone it reached many times after dips in last 2 years.
Will update when favorable zone is hit, make sure to follow for more.
"Q1 EPS of $0.50 beats by $0.04. // Revenue of 3.83B (+3.5% Y/Y) beats by 10M. // Looking ahead, Goodyear reaffirms prior guidance for 2018 segment operating income of 1.8B to 1.9B. Management expects the TireHub joint venture to be the "cornerstone " of its aligned distribution network."
This would bring the price up at least a bit right? Well no, it ended that day with -5%!
There's no logic in this price decline and that is why I place it in my watchlist, and will time the entry once the critical supports are hit, indicated on the chart above. Exit should be north of 32$, zone it reached many times after dips in last 2 years.
Will update when favorable zone is hit, make sure to follow for more.
עסקה פעילה
I could've waited bit more perhaps, but I entered a long today 25$, Target between 32 and 36 (32 if it really struggles to climb, 36 if it shows strength)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.