Stock of the Week: Goldman Sachs Group (GS)

Local Breakout after Bullish Behaviour Suggests Further Advance

WYCKOFF STORY
Upsloping price structure of higher highs and higher lows suggests accumulation that happens on diminished supply signature.
Last bar acts as a local breakout which is confirmed by increased demand signature.
Up trending OBV suggests that institutions are actively getting into this position. Relative Strength is improving.

Trading Target $180 Count Line + (21 boxes * 3 reversal * $2 box size)= $306
Pattern Confirmation Continuation of rally above $230
Pattern Failure Close below $190