Tech Splits: Is the Megacap Trade Finally Over?
The technology sector could be splitting as investors focus on smaller chip stocks and abandon megacaps.
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Goldman Sachs has gone seven weeks without a new high, but some traders may see further upside in the Wall Street giant.
The first pattern on today’s chart is the series of lower highs between late September and late October. GS has spent more than two weeks above that falling trendline, which may confirm the slide has …
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Goldman Sachs (GS), daily chart, with selected patterns and indicators, courtesy of TradingView.