Goldman Sachs ST: the upside prevails as long as 213.3 is support

Trading Central 2020-11-22 21:08:05

Our pivot point stands at 213.3.

Our preference: the upside prevails as long as 213.3 is support.

Alternative scenario: the downside breakout of 213.3 would call for 201.3 and 194.1.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 207.95 and 204.12).

Supports and resistances:

260.8 **

253.6 *

246.4 **

239.2

223.35 (USD-last)

218

213.3 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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