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Goldman Sachs seeks a bottom to bolster it - Analysis - 29-03-2021

Economies.com
2021-03-29 11:54AM UTC

Goldman Sachs' stock (GS) returned lower with a 0.96% loss in the last session while seeking a bottom to bolster it higher anew, as it leaned on the main upward trend line in the short term, with positive pressure from the 50-day SMA, coupled with positive divergence in the RSI after reaching oversold levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, targeting the resistance of 355.75. 

 

Expected trend for today: Bullish 

Update: Gold price activates the negative scenario

Economies.com
2021-03-29 15:16PM UTC

Gold price traded with strong negativity to break 1720.00 and head towards activating the negative scenario in the upcoming sessions, on its way to achieve negative targets that start at 1700.00 followed by 1692.00, taking into consideration that the continuation of the decline conditions holding below 1720.00.

Home Depot surges - Analysis - 29-03-2021

Economies.com
2021-03-29 11:54AM UTC

Home Depot's stock (HD) kept rising with a 2.23% profit in the last session, confirming the breach of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the next resistance at 311.30, provided it holds above 292.40. 

 

Expected trend for today: Bullish 

Honeywell pierces pivotal resistance - Analysis - 29-03-2021

Economies.com
2021-03-29 11:53AM UTC

Honeywell's stock (HON) rose 2.17% in the last session amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 230.00.

 

Expected trend for today: Bullish