Goldman Sachs extends gains - Analysis - 08-11-2022

Goldman Sachs' stock (GS) kept rising in the intraday levels, while buoyed by piercing the downward trend line recently in the short term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains, targeting the first resistance of 377.40, provided it settles above 344.40. 

Expected trend for today: Bullish