Goldmansachs
Goldman Sachs Testing Support, Potential Bounce!Goldman Sachs is testing support at 190.47 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 230.72 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing support at 3.5% where a corresponding bounce could occur.
Goldman Sachs : Bearish SignalGoldman Sachs is in head and shoulders (s1 h s2) validated configuration in weekly. The break ok the neckline has confirmed the configuration and the bearish signal. From now, a pullback over the neckline is expected before the start of the strong bearish phase. Objective is 160$.
GOLDMAN H&S CONFIRMEDWe are witnessing a softening in the market. The Dow Jones Industrials appear to be a mixed bag. Buying blind is NOT the strategy at this point - it worked for 10 years, now the easy money has been made.
As suspected, the mid-term elections have not been without incident, and investors are naturally cautious. Many big stocks are confirming bearish topping patterns - including Goldman. I shorted today, with a target below.
This is telling me that the rally in the indicies has stalled for now, and an extended period of consolidation is perhaps on the cards. On the other side, we will see a bullish continuation, in anticipation of a Trump 2020 win.
With that said, I am buying any low in the Dow, yet cautious for now, and net short.
Goldman Drops Trading Desk!!!! Goodbuy, I mean Goodbye.. BitcoinCheck out this news on Bitcoin today Sept. 5th. All credits going to CNBC. Goldman Sachs did NOT settle for the price of Bitcoin. Like I said... too expensive for banks. Retail traders will settle for anything. Not a Investment banker that has back to back months of winning trades for years. Maybe GS will come back to the table at a better price like $1100 or under $1000 a Bitcoin. We may get some bullish months when Bitcoin reach $2500 I hope.
GOLD LONG-TERM ANALYSIS TO CONTINUE 'SHORT'Looking at the long-term analysis on the 1W view of gold, it looks like it is headed downward still. At the moment it is on a retracement up and not to be confused for trend reversal as i do not believe market is reversing just yet until it hits either/both of the 2 horizontal lines in my chart.
1st yellow line at 1130.71 here on tradingview
2nd yellow line at 1056.57 here on tradingview
As platform prices may be different, I suggest setting alerts for both lines here on tradingview and once the alerts go off, then you know it is time to look into going in on whatever platform you trade on.
Please remember to look at what indicators are telling you if you can understand some, as they would likely help you determine a suitable entry point. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the posiblity to hedge yourself, for more confident traders imo -0.06% .
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Goldman Sachs respecting support line longThe chart says it all really, another bounce off our key support line.. we are long on this position
TP and SL are reserved for our clients.
goldman longAs you can see from the daily chart the price has respected the support and resistance levels many times before, and now it has bounced off the support line once again presenting us with a good long opportunity.
SL and TP are reserved for our clients.
Are we gonna run like hell or welcome Goldman Sachs ?I make another post about BTC, as there might be more interests waiting around the corner. As usual we all will be waiting what move the Wall Street giant will take, but personally I think we might already overreact with the first move BTC makes, with or without any influence of Goldman Sachs. Probably they know that this is a very stressful moment for everyone, as the graph came to a consolidation as well, and we might act like a chicken without a head. Any wild move will be refilled in no time I guess (maybe a bad comparison, but a recent action happened with Verge)
I wanted to post the pink rising wedge which is actually not yet completed. So this could be a move upwards as it reached the side for a second time. Together with a similar pattern made like the one from the bottom, but this could be invalidated if there's no serious buy.
Probably the big money is out, as we are waiting for a move from the big guys.. but it will come seriously... if not tomorrow... after a week or so
Goldman Sachs Anti Set UPGS seems to be attracting demand recently. The trend down is losing momentum and it might just be the time to enter an anti set up here for a modest 1.5-2R target. Though sellers can enter this market any time, it seems more probable that bulls will take this higher to the Warning Line.
LOOKS LIKE WE'RE WAITING FOR SOMETHING or SOMEONE...Very difficult to see any bullish set up, but I post a stop for the correction anyway. Curious how it will develop. Patterns are quite unclear, and the top was a mess. Perhaps me too I became too impatient and we all want this to go up, but we just have to wait things out I guess.
Probably the most important factor, if news related, will be Tuesday 'Goldman Sachs' which will have a significant impact, as they will have much more impact as CME and CBOE did.. though they brought us to 20K as well. I predict much higher volumes and wild fluctuations.. anyway this is a good entry point for them, I don't think we will go to lower lows, as the announcement of participation is a sign already... May 15th, be prepared !
Also they have announced that not only BTC will be available for trading, but a whole portfolio of coins... we'll have to watch to subtop and underrated coins closely I guess..
GoldmanSachs ready to shine..? This is one of my shorter time scale predictions heading into the earnings reports coming up.
With all the volatility we have managed to open a couple of more postions during the beginning of the week that are already in the green, these are set with a x1 leverage on our PI profile on eToro (Willscuba).
We currently have a reducing wedge but have seen some drawdowns recently to geo-politics. Making this a good time to increase our exposure by a small margin.
The earnings report is due April 17 before the bell.
The whisper on the street is $6.03 where as the consensus is $5.67.
If the numbers come through better than expected for JPMorgan due this friday before the bell then that should start the ball rolling for all the other financial sector stocks that we are currently holding as they usually trade in sympathy if the first few do well -unless there is a really big red herring that crops up-.
Even if the earnings disapoint we still have almost 20% free in the portfolio to capitalize on the dips that could occur just like we have with all the trade war news and potential rate hikes.
NYSE:GS