Goldman Sachs regains footing - Analysis - 17-05-2021

Goldman Sachs' stock (GS) rose 2.78% in the last session after the support of 355.75 held on, readying to tackle the resistance of 376.65, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the resistance of 395.80, provided the resistance of 376.65 was breached. 

Expected trend for today: Bullish