Goldman Sachs rises in volatile session - Analysis - 11-01-2021

Goldman Sachs' stock (GS) rose 0.42% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, amid negative signals from the RSI after reaching overbought levels, settling at 399.17, amid the dominance of the main upward trend in the medium term.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 420, provided it holds above 392.

Expected trend for today: Bullish