Goldman Sachs Group’s stock price (GS) rallied in the intraday levels after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.
The gains are accompanied by a surge in trading volumes, and positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $420.76, provided the support of $389.44 holds on
Expected trading range: between the support of $389.44 and the resistance of $420.76.
Trend forecast: Likely Bullish