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Monday, August 22, 2011

Goldman Sachs Group Inc. (GS) Stock Analysis - 8/23/11

The following is technical analysis on Goldman Sachs Group Inc (GS)  stock for August 23, 2011 
 
Goldman Sachs Group Inc GS  Resistance, pivot & Support Levels - 08/23/2011

Resistance levels: $121.69, $123.13, $112.30

Pivot point: $108.70

Support levels: $102.91, $99.31, $93.52

  
Shares of Goldman Sachs Group (GS)  hit new 52 weeks low on Monday with market.Goldman Sachs(GS) CEO Lloyd Blankfein had hired top Washington defense attorney Reid Weingarten. The report sent the stock down more than 4% to $106. The report sent the stock down more than 4% to $106.51 Just want to hold $110s.But stock is long term buy here depend on market.Goldman Sachs next major resistance $131 followed by $140. Goldman Sachs is now a strong buy below $130.

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