are you prepared for another rally ?

29 ก.ย. 2023

I wanted to post an analysis on GS but can't figure out on the fourth wave pattern of the third wave extension until recently when I saw a contracting triangle pattern forming. It's very common to see triangle in corrective fourth wave. not so in second wave. A decisive breakout above the resistance trendline of the contracting triangle will indicate the rally of the fifth wave of the third wave extension, with the target price in the region of 527, a 2.618 extension of the wave 1, as depicted in the chart. This is followed by a retracement to a target price of 435, a 2.0 extension of wave 1, as wave 4.

Despite the recent negative criticisms/comments on GS's CEO ,David Solomon, with the rally in the stock price in the foreseeable future, he should be able to keep his job as the topman in GS.