Goldman Sachs Group (GS) has rallied from a low in October and trades above the rising 200-day moving average line, but is that enough to anticipate further gains?
Let's check the charts of the financial giants more closely. 
In this daily bar chart of GS, below, I see a mixed picture. GS is trading above the 50-day moving average line but its slope is negative. I already noted that GS is trading above the rising 200-day moving average line but the line has not been tested in a while. The trading volume does not show a clear rising pattern and the On-Balance-Volume (OBV) line has declined from early December. The Moving Average Convergence Divergence (MACD) oscillator is barely above the zero line, telling me the rally lacks trend strength.
In this weekly Japanese candlestick chart of GS, below, I can see that the latest candle pattern shows a rejection of the $380 area. The small real body suggests a balance between bulls and bears. The weekly trading volume does not show a pattern of expansion. The weekly OBV line has been moving sideways since July. The MACD oscillator is above the zero line but the two moving averages are on top of each other -- not a message of strength.
In this daily Point and Figure chart of GS, below, I can see an upside price target in the $458 area. A trade at $388.41or higher is needed to refresh the uptrend.
In this weekly Point and Figure chart of GS, below, a weekly trade at $388.41 is needed to refresh the uptrend.
Bottom line strategy: It would be nice to see GS continue to rally and the financial sector join the upside leadership, but I am not ready to make that move just yet.
