GSWouldn't be surprised to see $165 by the end of the month/quarter. Then probably lower next quarter.
GS trade ideas
GS - buy support zones analysisHello traders,
Description of the analysis:
Goldman Sachs group (GS) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
BANKSBanks look extremely strange after the HSBC scandal. Since the stock recovered from March they had never been below the support line(I labeled them.) So the question is, does this fall from here? Or will there be a strong rebound incoming? I am slightly positive because of the Tik Tok deal and possible WeChat deal, and hopefully, that lift up investors' confidence.
Tari CondorHi guys,
this iron condor is W1 5%strike (check my strategy for more info, it's vary easy!)
We have 71% of success: Rew/Risk= 100-71/100=0.40
With one week to expiration it's not easy to find a good price for these 5% strikes, so I moved the strikes @ 190 and @215, with a 5$ spread for each vertical.
The RR is 0.41, so this is not a big edge, but trading wider wings wh move our edge on the side of the probability, becuase BE is wider, just like the bought strikes, wich give us tha max loss.
Enjoy your wallet!
Tari
$GS BANKS BANKS BANKS My idea on Banks coming up. For some reason i believe Banks like JP and GS will do well coming up. And believe while techs take a break possibly and even some names retreat , Financials will have to step in and save the day with MKTS. GOOD LUCK TO ALL
GS________, ____________, knees & toes?! I think the only way I can be bullish this chart is if we get a huge reversal that closes above $220 to end the quarter. If not, I think it gets pretty nasty over the next few months/years.
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.
