Goldman Sachs Group, Inc. (The)
Long
Updated

GS

122
Hello everyone, the price is at an interesting number of 319.49
If it bounces from it down, we find it at the following levels
283
251.45
We find a strong support area at (251.45 and 239.43)
Done if we ascend we find at
338.91
373.76
Note
Shares fell nearly 3% at market open on Thursday despite Goldman beating expectations with EPS of $10.76 on revenues that sagged 27% (but still beat estimates) at $12.93bn, as well as a profit decline of 42% to hit $3.94bn
Goldman traders stepped up the action in areas that were booming – currency and commodities trading was up 21% YoY, though equities trading was down 15%.
There has, however, been a massive slowdown in M&A. The company has been taking measures to diversify its revenue stream and bring in more cash from predictable sources like wealth management and consumer banking, and has cut its operating expenses by 18%.
Source Trading View
Note
The price broke the trend and retested. We monitor its movement to break the first level as shown in the chart

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