A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Traders are watching Goldman Sachs (GS) as price action tightens. The stock is trading at $909.63, up 2.11% on the day. The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $918.12, targeting $1055.74 with support near $849.31 (R:R 2.0).
What is your outlook on GS?