Goldman Sachs recently broke above the buy target 165.00 that was set in our earlier report for this company. The breakout of this resistance level coincided with the breakout of the upper resistance trendline of the daily down channel from January (which has enclosed the preceding primary corrective wave Ⓑ) – intersecting with the upper resistance trendline of the more recent up channel from April (as you can see below).
Goldman Sachs is expected to rise further to the next buy target at 170.00 (forecast price for the completion of the currently active intermediate impulse (3)).
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