empty
 
 

26.11.202117:06 Forex Analysis & Reviews: Goldman Sachs stock price is ending the week under pressure

In our analysis yesterday on the stock price of Goldman Sachs we noted that at current levels we prefer to be neutral if not slightly bearish. The chances of a major reversal are high and I expect to see more downside.

Exchange Rates 26.11.2021 analysis

Red lines - channel

Blue line- bearish divergence

Goldman Sachs stock price continues to respect the red channel. Price is now challenging the lower channel boundary just above $380. As we noted in our previous posts, the bearish RSI divergence was a key characteristic that made us expect a reversal lower. Breaking below $380 will increase chances of price moving towards our target area of $320-$300.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Alexandros Yfantis,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.