GS Wave Analysis – 13 March, 2020
March 13, 2020 @ 15:28 +03:00
- GS stopped near support level 150.00
- Likely to rise to 160.00
GS recently stopped near the powerful support level 150.00 (which similarly stopped the sharp multi-month downward impulse sequence (A) at the end of 2018, as can be seen below).
The last close stands well below the lower weekly Bollinger Band – which heightens the probability of the upward reversal in the nearest time.
With the weekly Stochastic and RSI indicators both in the oversold territory – GS is likely to rise toward the next resistance level 160.00.