Goldman Sachs driven lower by pivotal resistance - Analysis - 03-05-2021
2021-05-03 09:13:00 GMT
(Economies.com)
Goldman Sachs' stock (GS) fell 1.28% in the last session after the pivotal resistance of 355.75, while gathering momentum to help it pierce that resistance, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the short term, coupled with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 380.00, provided the resistance of 355.75 was breached.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2081
|
-0.0092
|
0.7533%
|
|
|
|
|
1.4034
|
-0.0102
|
0.7230%
|
|
|
|
Tadawul
|
10322.68
|
86.96
|
0.85%
|
|
|
|
|
26.983
|
-0.822
|
2.955%
|
|
|
|
|
64.780
|
-0.612
|
0.936%
|
|
|
|
|
67.79
|
-1.53
|
2.21%
|
|
|
|
|
1816.945
|
-27.280
|
1.479%
|
|
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