GS is a world leader in merger and acquisitions (M&A) advice as well as equities and debt underwriting. The long-term prospects of the group remain supported by its revenue scale, as well as its platform approach, which places it ahead of peers amid the prevailing shift towards digitisation in the industry.
Technically, the price is in an incomplete rising wedge pattern. A rising wedge comprises of higher highs and higher lows, where the highs and lows are respectively in-line and can be connected by trend lines. The expectation is for the price to progress to notation 5 to complete the rising wedge pattern.
The stock price recently crossed above its 200-day simple moving average, which classifies the long-term trend as bullish. Based on the Relative Strength Index (RSI) indicator, the share will be overbought at $400, which classifies our profit target of $380 as realistic. We suggest a low at-risk allocation for this trade.
Diese Geschichte stammt aus der November 2022-Ausgabe von Personal Finance.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 2022-Ausgabe von Personal Finance.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
'Hack' your money psychology
Spending too much money? Tempted by sales? These money psychology hacks’ can help
Accounting tips for small businesses
It's important to properly manage your business finances
KIDS AND MONEY: FIVE WAYS TO START THE CONVERSATION
WHEN IT comes to teaching young children about the world, parents may feel that some topics—like politics and religion—are too tough to broach.
REDUCE THE PAIN OF DOWNSCALING
Investing in a holiday home as a retiree
THE RISKS INVOLVED IN INVESTING
Finding the balance between eating well and sleeping well
TESLA: WHY IT MIGHT BE TIME FOR MUSK TO GO
What 2023 holds for the electric vehicle company
FINDING SOMEONE TO STEP INTO YOUR SHOES
The Eskom crisis demonstrates again the importance of proper succession planning—loDSA
BORROWING MONEY ISN' ALWAYS A BAD THING
On the contrary, debt can be a sensible way to build wealth
WILL SOLAR POWER INCREASE THE VALUE OF YOUR HOME?
The upfront investment is high, which you'll want to recover when you sell
WHERE NEXT FOR THE GLOBAL ECONOMY?
Why central banks face an epic battle against inflation in 2023