A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
GS is showing interesting structural developments at $1061.23. The stock is trading at $1061.23, down 1.26% on the day. The primary technical feature is a Bullish Flag formation. The trend indicator is reading 1.7/100, suggesting moderate momentum. A potential breakout level is identified at $1153.99, targeting $1412.92 with support near $1047.15 (R:R 2.42).
What is your outlook on GS?