Technical Analysis: Wall Street Giant Attempts a Breakout

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Goldman Sachs hit a new high late in the summer. Now after a healthy pullback, it may be ready to keep moving.

The first pattern on today’s chart is the falling trendline that began on August 30. GS tried to break that resistance twice last month. It was rejected both times with large bearish engulfing candles. But on Thursday it touched the line and …

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Goldman Sachs (GS), daily chart with selected patterns, courtesy of TradingView.

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