Goldman: HIgher Highs, Hollowing Out Beneath2-year Harmonic Bearish Bat at PRZ around $160, on higher highs grinding out over major negative momentum divergence
GSGI34 trade ideas
GS Daily to go along with MonthlyCould either be forming a Bullish Gartley or a Bearish AB=CD. price action next week will tell which one it is.
GS MonthlyI am bullish on the financials due to the massive blows they all received in 2008. Most retraced to their IPO price or even lower. I would look for GS to start blowing through the roof soon. Look at my daily GS chart to go along with this one.
Goldman Sachs - ST Bearish/LT Bullish, Riding the shortsOverall, GS looks bullish, in this Wolfe Wave (along with medianlines), there seems to be a potential trade to short GS into Wolfe Wave point 5. This region is also confirmed with using Median lines. From this point 5 on, we can expect to see price rally. If not confident, an alert can be set for the price levels in the target region, which will be a good point to Buy and hold GS.
GS - Long - Weekly MA Strength, Fibonacci Support- Bullish MA crossovers
- Trending RSI
- Price target of $18.03
- Buy above previous high
- Use previous high, after buying, as a stop position
GS short set upBear Flag on the daily. Two possible ways to play:
1. Short at the break of pennant, which is also the area of a rising trendline.
2. If price bounces, watch the top of the pennant, which coincides with the 50 SMA of 154.36. Failing to break above and hold the 50 day would provide a low risk opportunity to short with a stop at 155.
Bearish Gartley pattern in GS (Weekly?)Just eyeballing this it looks like GS may retrace to $130 $XLF $BKX
Bearish Head and shoulders' topLast call hit the target price $146.60 and price failed to hold now. Last few sessions it tried to reclaimed it but failed. It looks the price is heading to the South now and this pattern has a measured move to $134 area which can be achieved within 4 weeks. Option traders can consider May time line. Join us www.woowtrading.net
GS - Bearish BatGoldman Sachs has a double top drawn right in the PRZ of an bearish bat. If the reversal pattern will be confirmed by a close under the 147.00 support we might see the uptrend line retest near the 135$ per share level. The harmonic pattern's targets are at 38.2, 50, and 61.8 retracements.
GS - the sky is the limt ?is the overall market bullish ? YES....... does it appear toppish ? YES !............
High beta name Goldman Sachs has rallied since summer 2012 ~ +75% and from the last consolidation period Nov/Dec ~ +40% . That is very very impressive , chapeau !
Pure coincidence there is a perhaps a meaningless Fibonacci price and time extension knocking at the door, accompanied with a huge steep rally and overbought situation.
Is this the top ? How dare I call it, this would be pure guessing, but since we are all in the guessing business , would I rather be long or short here ? I will give it a go and look speculative short set-up for targets around bumping on the coming trendline in a couple of months. I don't like flag-stick patterns but it is tough to call tops. Maybe this is it, maybe not yet. But a "healthy" correction or consolidation is overdue. Nothing last forever. Buy dips later again, but for now I can not resist to try a short.
happy trading
KP
GS Goldman Sachs Ending the Elliott Wave 3 wave?I published this charts a few weeks ago and it appears the the stock is right at the target area for the end of a wave 3.
Lets see what happens. Would consider a short here if we confirm this area over the next few days.
Upside momentum is not overBetween 125-123 is a buy. The price fell on light volume, so in dips is opportunity to buy. Before it breaks 120 will see 130. FC drama is giving us opportunity to buy into earning so we sell right before earning. Trade less, save more!
GS monthly FIBONACCI ANALYSIS(mind your FIBs.)Here we have a long term and a short term FIB. retracements.The last signal was an ideal long opportunity.Since then we had all green candles.Now we are at a DUAL FIB levels and the current candle is looking positive.Next target is at 126.92 which also happens to be a resistance level.
GS - A Long Term View for traders and investorsFrom a technical perspective, there is alot to like for the long side to this chart. A typical bullish breakout setup is forming on the long term, and GS is positioned to benefit from any continued strength in the market, from a fundamental perspective.
On the short side, there is a definite pattern for some very nice short term profitable trades even within the context of the overall long bias of the chart. It really depends on whether you trade/invest on a short term or long term basis.
We have not included all past trades for this time-frame, but the ones we are including gives a good idea of the size of the trades that were reacted to, even if they haven't hit their 1st targets. Plenty of room for profit taking w/o having to be 100% on the nose.
The ranges of the entries for the trades are clearly shown by the area encompassed price-wise by the corresponding rectangles. Some are very wide while other are smaller. Regardless of the range, every trade that we identify has a minimum target of 5x the entry range, in other words, every $1 risked has a potential for a $5 profit. Risk/reward is always a minimum of 1/5. We never show any trade on any time frame that doesn't meet this criteria.
GS setup for a fall, targeting lower prices in next 30 daysIt appears to me that GS is running up into heavy resistance from the mountain of sellers over the $110 level and into the GAP supply zone where GS slid from 108 to 102 on aggressive selling this spring.
The rally appears to be forming a persuasive-pattern where plenty of new highs and smaller reactions creates the illusion of plenty of strength. The strength is masked by low volume, which indicates we should be skeptical of the rally.
Volume on the exchanges is dwindling and that is a fundamental, long term weakness. The Knight-Capital disaster is a positive for GS as it makes the competitive landscape that much smaller for GS to dominate.
I wish us all good fortune in entering a trade against the trend - it always takes "guts" to stand in front of what seems to be a steam train. I could see entering anywhere from the 105 to the 110 level. So, follow this chart and I'll do my best to pin-point the safest entry time that I can find.
Cheers.
9:29AM EST Friday, Aug 17, 2012
GS terminal triangle possibleThe mood created by this pattern is one normally associated with euphoria. Each sharp break leads to a new high and each sharp break is a little less than the previous. The net result is that the buyers have pushed the stock up to an unsustainable price that once it stops, it trips stops and then triggers a sharp decline to the bottom of the triangle formation. The 1987 stock market crash was multiple "terminal triangles" and created bunched stop loss orders. Terminal triangles are rare and this is a tiny one, but the nice thing about them is you know if you are wrong very quickly and the risk of loss is small relative to the potential reward. GS 124.62 12:10PM EST Mar 28, 2012 By Technical Tim
