Chart Patterns & Algorithmic Trader (Jan. 28, '20) (56)
GS Rectangle Channel Pattern
s
Reviewed in CPAT
Goldman Sachs Grp (GS) is trading in a rectangle chart pattern on its daily chart
between upper trendline $225.24 lower trendline $196.30. A long trade may be entered
if price breaks above the upper trendline with a stop below the mid-channel level
$210.77 and vice-versa. Breakout targets are: $239.7 to $254.2. Breakdown targets are:
$181.8 to $167.4.
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