LONG GS: INFLATION/ FED HIKE CYCLE/ 6X PE/ -10% CORRECTION ZONE
Long GS @383
TP: 600+
SL: N/A
GS at -10% correction lvl. Only trading 6x 12ttm and forward earnings. fed hikes/ inflation/ increasing rates good for banks especially as GS ramps up retail exposure/ loans.
Also if u look at last 2 years GS has bounced off of the -10% lvl every time.
TP: 600+
SL: N/A
GS at -10% correction lvl. Only trading 6x 12ttm and forward earnings. fed hikes/ inflation/ increasing rates good for banks especially as GS ramps up retail exposure/ loans.
Also if u look at last 2 years GS has bounced off of the -10% lvl every time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.