GS trade ideas
GS - 4.30% Profit Potential - Bearish PennantThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month bull run. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price and, again, it serves me as a hedge.
- Uptrend Support Broken to the Downside
- RSI + Stoch below 50
- MACD below Signal
Target Entry $203.14 (Limit)
Target Stop Loss $205.44 (Conservative) or $208.16 (Technical)
Target Exit $194.51
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Tightly coiled ready for an explosive moveMany eyes on GS and with a rotation into the financial sector it could truly break out and hold the gains. With the market pullback, gains were softened but the RSI >50 indicates strength. Any entry above the pennant is a good one and should see a retest of the fib above in the next few trading sessions. Fib below can be used as stop loss.
Symmetrical TriangleS Triangles can go either way but price would need to consistently. more than once, break above or below 207.56 and a clear trend in place when it does so. Today it is breaking downward but everything else just about is also going down so possibly not a good day to judge )o:
Looks to be s at 196ish and R at 221 ish..possible rectangle as well with these prices as boundaries
The trend is your friend until it is not
Not a recommendation
Happy trading
GS setting up with a nice wedge pattern GS is setting up with a nice wedge pattern. With Tech finally showing some weakness after an impressive run, Expect lagging sectors to finally get some love. Banks showed strength in the sell off last week with charts setting up for a potential move this week. I will be looking for an entry in the 214 area on strong volume.
$GS Its Time For Goldman To ShinePotential change of sentiment and momentum may be coming
into the market which may see some HIOT money
looking for a safer home.
Indicators bullish and in reversal.
Volume increasing.
Golden Cross imminent
GS may be setting up a break from the current correction.
Potential Targets as per chart
GSGS - symmetrical triangle right over the 200EMa. Odds towards a bearish breakdown with the dropping stoch, volume and close to a MACD cross
GS LONGStarting to curve up. Based on the RSI and MACD indicators I predict it will continue to climb past the oversold line and continue to climb for the rest of the week.
Long the BanksSPY looks to have regained its bullish edge over QQQ in the near-term, I expect banks to lead the pack on the breakout / short squeeze.
Not too late to sell GSThe word is out Buffet liquidated his GS position which is not particularly 'bad' for GS.
Buffet injected $5bln into a weakened GS in 2008 with some significant conditions...
one of which GS execs could not sell stock against Buffet's position :) :) :).
That said, GS is still a decent short with initial potential down to about $192.
GS-BIG STORY TO THINKGOLDMAN FUNDAMENTALS:
-Price/Book 1.0X
-Market Cap $ 76.4B
-Total Debt $ 398.0B???????????????
-Cash $ 530.0B
So why GOLDMAN not covering big DEBT
They want FED to inflate it???
OR they bougt CHEAP money and sold them at HIGHER rate? What is ur thoughts friends?????????????
GSFor those who think the rotation will stick. Might be worth a shot here poked above a S/R levl. Sights on the range high.
Monthly chart Maybe rounding out here as banks have many headwinds in the near and further future. Won't be back to the glory days. Same amount of assets as 07.
