GOLDMAN SACHS - Pullback and looking to new highs?

Long

Goldman Sachs Group, Inc. (The) (BATS:GS)

BATS:GS Goldman Sachs Group, Inc. (The)

supportandresistance doubletoporbottom pennant

GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.

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