Bearish divergence on the weekly time frame indicated a bearish move. Which has already happened, giving up control from the bulls to bears. Creating a lower high which could indicate a upcoming move towards $250.
Over bought stochastic and Market exhaustion of the RSI to the upside. Could support my analysis which means
GS
could fall 24-38% in the coming months.
This low would also provide perfect buying opportunity for the overall bullish annual trend.
Over bought stochastic and Market exhaustion of the RSI to the upside. Could support my analysis which means
GS
could fall 24-38% in the coming months. This low would also provide perfect buying opportunity for the overall bullish annual trend.