GS Long-Term Uptrend; End of 2019 Price Target: $200

Panjang

Goldman Sachs Group, Inc. (The) (NYSE:GS)

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NYSE:GS Goldman Sachs Group, Inc. (The)

trendanalysis chartpattern beyondta financials goldman

Goldman Sachs has been harried by the 1MDB scandal as of late. Look for the company's robust business to shake off the short-term concerns over 2019 and regain the old highs. The first green trend line gives us an idea of what the trend COULD have been for GS. The second green line delivers a more accurate picture of what the trading behavior will resemble in the long-run. Right now: be wary of this stock as it could reach 145-150 levels before the stock regains its momentum. After that, it should be clear skies ahead!

Komen:

This was a more than successful call! Advice now would be to hold or take profits -- don't see many more growth drivers beyond rate cuts!

Penafian

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