Goldman Sachs suffers from negative pressures - Analysis - 02-12-2021

Goldman Sachs' stock (GS) fell 1.18% in the last session while hurt by exiting a price channel that guided recent medium-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, settling at 376.48.

Therefore we expect more losses for the stock, targeting the support at 348.75, provided the support of 372.40 was breached.

Expected trend for today: Bearish