GS trade ideas
GS breakout and bullish structureGS breaks out of a flag, with a gap, and heavy amount of Doji's on the the Heikin Ashi signal that market consolidates on GS. Also, Snap and Micron breakout helped bolster bullish market sentiment for GS. MACD shows consolidation after GS most recent earnings. Heavy consolidation right below 61% fib line and more institutional investors consolidated at 50% shown by the gap to the upside. Not overbought or oversold even after Bollinger band constricted heavily in march. Possibly less volatile for GS ahead after flag breakout. (XLF-orange and KEY-Blue are used for comparison) Bullish structure formed after GS broke out of flag.
GS Long-Term Uptrend; End of 2019 Price Target: $200Goldman Sachs has been harried by the 1MDB scandal as of late. Look for the company's robust business to shake off the short-term concerns over 2019 and regain the old highs. The first green trend line gives us an idea of what the trend COULD have been for GS. The second green line delivers a more accurate picture of what the trading behavior will resemble in the long-run. Right now: be wary of this stock as it could reach 145-150 levels before the stock regains its momentum. After that, it should be clear skies ahead!
July 31,3 entry points. 1. Objective. Goldman Sachs
the interest rate decision will affect the banking sector downward, we expect strong falls and we will develop a bearish inverted priramide strategy.
Goldman Sachs smiling despite troublesThe first impression of the daily chart is quite impressing, looks bullish with gaps up even. But NYSE:GS is on the brink of a reversal. This current intraday turnaround is more or less a confirmation of the one we saw already on 1st of July. Which confirmed the resist in form of the highs we saw in April and May.
GS needs new highs very fast, or we see shorties like me smiling.
GS Stuck in Trading RangeGS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.
Bullish structureI am waiting for a pullback to complete a very bullish pattern to buy long-term.
At this point R/R is 3x
Goldman Sachs weekly pattern formation!GOLDMAN SACHS look like will complete one more leg down.
After that, we look for buys to complete
the pattern that will give new ATH's.
Goldman Sachs Group INC (GS) approaching resistance, look out f
GS is approaching its resistance at 211.72 where it is could reverse down to its support at 183.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Which traditional finance group is integrating blockchain best? Which traditional finance group is integrating blockchain best?
GS owns Poloniex exchange.
JPM is developing a stable coin pegged to the US dollar.
Goldman's first mover effect appears to be eroding.
Goldman is a screaming buy, bullish technicals and fundamentalsThe stock of Goldman looks primed to jump higher very quickly after it has gapped up today and out of a very congested zone. Fundamentally everything seems to be turning a corner also, scandals are not the topic of the day, but buybacks, dividends, blockchain and digital assets are what is propelling the sentiment and price higher.
Short $GS Goldman has been trying to work out of the funk that it landed in during the January selloff. It saw a nice earnings pop. Each number on the chart corresponds with a number here
1. First attempt to breakout into new highs and hold price above the 200 day MA
2. After another month or so of consolidation there is another, stronger, push to break to 200 day MA. Also unsuccessful.
3. Price then breaks the 50 day MA and then retest. If there was any buyers left waiting to push above the 200 day then the 50 day should've been easy to break.
4. New lows to fill the gap from the earnings gap in Jan
5. Right now we are attempting to test the 50 day again, and its not looking good. The last 6 days have all tested the 50 day with today, I believe, being the last attempt. Price was rejected and there is a pretty substantial wick to the downside.
I'll go short tomorrow morning with a stop above the 50 day MA and I'll turn my position full size once the price drops below the lowest point of today's candle.
Goldman Sachs Group Inc potential reversal!Goldman Sachs Group Inc expected to rise up to 1st resistance at 211.72 where it could potentially react off and drop down to 1st support at 183.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Goldman Sachs Rising Wedge Pattern Below The Resistance LevelAs we can see on the Daily chart the price keep moving to the downside we have a double top with a break confirmation causes a huge drop into 155.0, huge continuation to the upside into the previous low the price touched and reject each times to turns the previous support into a new resistance level with crossing the 200 MA then the price drop again and reject from the 0.50 fib level the price could push higher again into the resistance before drop again as a sign to short we are waiting a breakout confirmation of the lower low of the rising wedge patter
3rd fail here at 50/1003rd time failing at 50/100 here after failing at 200 in april/may, i'm short with tight stop on daily close above the 50
Goldman Sachs moving in the bearish directionAfter a rather sharp and long bearish move, which we said it is going to happen in our previous Goldman Sachs analysis, we can see that the price is forming a small bullish corrective wave, as the price got oversold after the latest bearish leg. Waiting for the price to make a breakout below the indicated yellow line, then expecting a move to the blue support/resistance area. Another bullish bounce will probably form there and then the price should go lower.
Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp
For more content follow us on Instagram and Facebook:
www.instagram.com
www.facebook.com
We wish you good luck with your trading!
GS Reversed Off Resistance, Potential Drop!GS reversed off its resistance where we could see a further drop to its support.
