Goldman Sachs strong buying wave of US stocks

Technology stocks top the list in US stocks.


Goldman Sachs reported a strong buying wave in US stocks

by hedge funds, with stocks purchased for four consecutive weeks,

a full month. The bank also stated that this is a sign of risk tolerance.

Buying occurred in almost all sectors, but the most popular sector

 was the technology sector, which witnessed a massive buying wave

for long-term investment for more than 10 years.

 

As for Goldman Sachs' technical analysis:



The stock is moving in a general uptrend, but it may experience a correction wave

that may extend to demand areas at approximately 565.35

From there, a further rise towards the recent peak,

which is located at approximately 618


Another scenario:


If the demand zones are broken and a full-day candle closes below them,

the decline may continue until the next support levels, located

around 499, and from there we may see some upside.

Currently, the first scenario is the most likely, but it may be preferable to wait for any confirmation

from the demand zones before entering.