Goldman Sachs Retests Key Level

By | August 28, 2014

Shares of Goldman Sachs (GS) broke above their July highs earlier this week and are retesting that level in today’s session. A small hammer candle is forming on the daily chart at the former-resistance-turned-support level. If this level is maintained it could initiate the start of another advance in the swing step price movement of the last three months. Continued strength in the financials would be a reinforcing factor for the broader market.
28. GS chart

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