Mike Lancy
Active member
HYMARKETS Stocks Report: The Goldman Sachs Group, Inc
• Goldman Sachs reaches buy target 161.40
• Next buy target - 165.00
Goldman Sachs recently reached the resistance level 161.40 – which is the first of the two buy targets that were set in our previous report for this company (161.40 and 165.00). Due to the strength of this resistance level Goldman Sachs immediately corrected down below 161.40 – to retest the former resistance trendline of the recently broken Triangle from April (acting as support now). Goldman Sachs yesterday reversed up sharply from this trendline. The price can be expected to rise further to the next buy target at 165.00 (intersecting with the resistance trendline of the daily down channel from January).
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• Goldman Sachs reaches buy target 161.40
• Next buy target - 165.00
Goldman Sachs recently reached the resistance level 161.40 – which is the first of the two buy targets that were set in our previous report for this company (161.40 and 165.00). Due to the strength of this resistance level Goldman Sachs immediately corrected down below 161.40 – to retest the former resistance trendline of the recently broken Triangle from April (acting as support now). Goldman Sachs yesterday reversed up sharply from this trendline. The price can be expected to rise further to the next buy target at 165.00 (intersecting with the resistance trendline of the daily down channel from January).
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