New T-Box on $GSPlaying the ema 21h on the ema 250h.
Looking for a test of the price on the 250h as first target, then the 21 h on the 250h
GS trade ideas
Is the Vampire Squid going into the Mariana Trench?A quick glance at the GS chart shows a flattening 200DMA, significant recent negative volume (probably on the news of the 6% workforce redundancies) but the price is nearing its 200DMA and could break to the downside. Support needs to hold, otherwise it will be looking bearing for the vampire squid.
Will be interesting to see if the head & shoulders which is forming does just that. If so, this is looking like a short.
$GS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 90%.
Bad News Event//1.414//Rising Wedge(s)Earnings were announced this morning and there has been a sharp sell off so far today.
Price has broken the Rising Wedge bottom trendline which validates the pattern.
There are several more bearish wedges well below price. If price reaches them, the over-supply in the rising wedges will cause another pull back. These RWs are sprinkled over a few years and I only drew the most recent one. The lowest one is at 250ish.
W noted and the 4th leg terminated at the 1.414 fib level.
1.414 is the square root of 2.
Price remains above the .382 on the trend up in spite of the pull back today.
Strong stock, and maybe GS will leave a sexy corpse behind.
Most likely a rocky ride on the way down so fasten your seatbelt!
Price is down significantly today and that can mean a bounce soon.
No recommendation.
"Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do not do that thing."
—Dwight Schrute, The Office
Earnings 1-17 BMO/Today (o:This lines up with ABC/D or ABC bullish with the target being D. This pattern will eventually reverse when D is reached. D can be a lesser or greater fib level of the AB leg.
It is a common measured move in the markets.
Earnings will be announced before I wake up )o:
Sleepless night after working. My mind needs to chill and drawing charts helps me relax. (o:
Earnings can make or break GS in a few hours from now. They are getting very soft numbers to beat so time will tell.
Last quarter, EPS of 8.25 was the number and they beat it. This quarter it is 5.77. They are also getting a break on revenue of a billion or so less than last quarter.
So it looks like Wall Street wants an earnings beat...which is not hard to do if you lower the goal posts. (o:
Price appears to be in a small bearish rising wedge, RW, (orange) that is not valid at this time as the lower line is intact.
Price is well above the .382 fib level since the Covid low.
The major trendline overhead is a slow descending trendline. This can always change.
No recommendation.
ATR is 7.49
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
EPS (FWD)
32.69
PE (FWD)
11.44
Div Rate (FWD)
$10.00
Yield (FWD)
2.67%
Short Interest
1.31%
Market Cap
$128.65B
GS testing support on weak earningsGoldman Sachs testing near-term support after reporting weaker than expected numbers.
The initial drop was stalled right at ascending support.
Should this support fail, a leg lower would then be expected.
A rotation higher could happen based upon a long term (higher low) pivot on October 13th placed in the big picture.
Bull Put Spread su GSFollowing the Earnings dip, we open a contrarian options defined-risk trade in order to exploit the spike in IV
GSA good opportunity to long position and get a good profit from the attractive American stock market
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Goldman Sachs extends gains - AnalysisGoldman Sachs' stock (GS) rose in the intraday levels, with the bank expected to launch a large scale cut to the workforce this week, amounting to 3200 jobs, with the stock rising 1.41%, or 4.92 points in the last session, settling at 353.00, with trading volumes approaching 2 million shares, above 10-day averages of 1.5 million shares.
Technically, the stock is attempting to recoup some recent losses, buoyed by positive signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.
Therefore I expect the stock to return lower, targeting the support of 328.67, provided the resistance of 358.47 holds on.
My thoughts on Goldman Sachs going into the Earnings Weekly Timeframe
After a challenging start to the year, the company's stock bottomed out at around 280$. This level was tested three times before the stock experienced a month-long rally. The bulls exhausted at around 350-360$ after which the price went on to make a higher low. There it formed a new demand zone and rallied again reaching 2-3 standard deviations and setting a new high. After that a retracement and consolidation, at around 340-350$, bouncing from the 20-period moving average and the 0.5 Fibb level.
The RSI has remained above 50, forming three consecutive higher highs and higher lows. Suggesting that the upward movement is likely to continue.
Daily Timeframe
The price has consolidated and found a support zone. The 14-period RSI broke its trendline and is now moving upward. The MACD line crossing above the signal line also adds confirmation to this potential reversal. Overall, it looks like the market is primed for a strong trend in the coming days.
Going forward… on the Daily Chart…
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In early November, the price broke its previous structure and has since made higher highs and higher lows. The potential for a new high and a move above the 390$ level looks promising, with a solid risk-to-reward ratio.
Goldman Sachs AnalysisGS has formed an ascending broadening formation on the daily time frame. Its first target is the $329-$330 where we may see a bounce afterwards if we retest and break this region we're heading for $299-$300 region which is the support line for it's current broadening ascending formation. Play short on pull backs :)
GS PutGS has broken it's neckline today, under $356.45. GS looks like it has officially reversed from it's uptrend pattern and it now bearish.
I see a somewhat head and shoulders pattern here and the neckline has been broken. If GS holds under the neckline, it shall see some more downward motion in the next 30 days.
Entry: 357.32-356.50
1st Target: 352.28
2nd Target: $339
I could see this going all the way back down to around $320.
Goldman Sachs Is Pulling BackOne of the most overlooked trends recently could be the rally in Goldman Sachs.
Today we’re considering some potentially important technicals after the investment bank surged 35 percent between mid-October and mid-November.
The first question is, how much of a pullback to expect? This chart draws a Fibonacci retracement from $299.99, the weekly close immediately before GS reported strong earnings and plowed higher.
The stock is currently holding the 38.2 percent level. The next important price point could be at the 50 percent retracement (around $345).
Next, the 50-day simple moving average (SMA) is coming up from below. Some trend followers may view that as potential support.
Third, the 50-day SMA had a “Golden Cross” above the 200-day SMA about a month ago. Also notice how the October low was higher than the July trough. That’s a positive divergence from the S&P 500, which made a lower low in Q4.
Fourth, the $348 level is potentially important because it’s near the monthly lows from June and July 2021 – plus the monthly highs in March and April 2022.
Finally, stochastics have dipped to an oversold condition.
All these patterns may suggest GS is nearing some levels where buyers may get interested. Traders may watch for opportunities this week, especially with volatility expected around big events like CPI and the Fed.
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GS WatchingBeen watching this for a few weeks. Looks like it will be downtrending for the next week or so. I see that it has broken below the ascending wedge indicating downward motion.
ENTRY: 379-376.50
1st target: 370
2nd target: 365
Happy Thanksgiving! I will update this if needed.
GS SELL+++ OVERBOUGHTGS is overbought at at $380, should correct under $350 in coming days. Purchased 10 Jan 20 $360 puts, will add every $5 in share price increase $385, 390, 395, 400 etc if seen
GS SELL++++ CROOKS of Wallstreet!!!!!!!!!!!!!!!GoldmanSachs are some of the biggest crooks in suits on wall street about a half a notch better than Lehman Brothers and Bear Stearns! Stock is topped out and should retrace under $350 in coming days/ weeks. Still have my Jan 20, 2023 $360 puts from Nov 15th, added twice since. Decay has kept the trade at a small loss, options should double easily on next leg down.
Overextended?There is no telling and this could go higher.
I sold it several dollars from where it is now, so I could have made more. But I did not so oh well. I was shakey holding this as long as I did.
Call me chicken )o:
This final leg of this W looks a bit steep to me.
But we all have our own limits.
No recommendation.
Obvious W that will reverse at some point.
GS ShortEarning: 7/19/2022 7.73, Surprise 1.12
Gap and Run, 4 days into Supply Zone
Short 325
Stop 330
Target 300, 280
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Short this Frozen Rope pattern1. Extremely extended from 50d(17.65%)
2. Reaching into last year's congested area. Volume POC hit.
3. Rise in a straight line. "Frozen rope" patten.
$GS Classical GartleyX = 2022 High
A = 2022 Low
B = .618 XA
C = .886 XA
D = .786 XA
Price Targets
B: $361.16 (Conservative)
C: $287.36 (Moderate)
Aggressive: $250 - $275
GS | Its a Long Way Down | ShortThe Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
GOLDMAN SACHS GROUP INC.Sunday, 13 November 2022
19:47 PM (WIB)
The Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.
The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, fund and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets.
The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.
