GS (Goldman sachs)
Banking sector is Correcting and the big banks will correct with it.
Monthly Money flow lit up on GS for only the 3rd time in 10years.. last 2 the mes this has happen GS crashed 30% or more..
Using weekly chart log scale
You can see GS has hit the top of a 14 year bull resistance
Daily chart you can see GS has gapped outside channel on trump election and now I believe we head back to channel support this quarter
My target is 507-512
The 200sma is at 497 so I doubt they break below that
Monthly Money flow lit up on GS for only the 3rd time in 10years.. last 2 the mes this has happen GS crashed 30% or more..
Using weekly chart log scale
You can see GS has hit the top of a 14 year bull resistance
Daily chart you can see GS has gapped outside channel on trump election and now I believe we head back to channel support this quarter
My target is 507-512
The 200sma is at 497 so I doubt they break below that
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.