GS
Goldman SachsFeb '17 should bring a trend change in $GS the last high of 227.16 has been followed through with neutral movement. We would need a breakout of this level to confirm the upside direction, a close below 174.19 would indicate further downside.
Brexit has given sell signals with support at 144.96 and now 5 month bullish phase. A waterfall event similar to 2007, 2008 remains the technical reversal of fortune.
Buying with caution
High Profit Short Level On Goldman Sachs $GSThere is an absolutely awesome short level on Goldman Sachs Group Inc (NYSE:GS) at $180.00 to short. This comes from institutional traders I know and I confirmed it on the stock chart. Check out the trend line below and notice how if Goldman Sachs jumps up to $180 it will tag the trend line which is resistance. That is where I will pull the trigger on a short. Great trade setup here, just need some patience until the stock gets up to that level.
Jenny
Verified Trader @ VerifiedInvesting.com
FAREWELL TO WELLS FARGOBlack line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit.
There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks.
===============================
At least this is the start of the another financial crisis which well may come after election or post summer 2017. All the financials banks will start to collapse.
GS.. one more advanceAccording to Elliott wave count, GS is about to advance one last time as wave V to complete the correction wave. As option trader I think there is opportunity to buy some calls when price close above trendline, and SL is near the latest valley. Target is 168$. Good luck. Remember, this is short term position and the target could be reached in few days or hours.
Become a Goldman!!!!!Time to watch for Goldman Sachs. Trend line from 2009 is a very strong resistance. But guess what? Once the trend line has been breached you are the new Goldman if you know how to play. Get ready for some good options strategy. I would like to see little bit new high/high before go short. Also this is a monthly chart so better to see how the daily chart or weekly is developing. In upcoming months it will an A list to watch for short.
10% downside if $62 is lostGS was clear signs of buying or bullish absorption earlier this year. Early April GS pullback to test and define the number of "weak hands" that were remaining. The test produced very little selling and resulting in price finding bids into resistance.
Now that the "gap" is closed there appear to be very little demand and a weak close for the week would imply that we trade lower to retest the conviction of previously identified bulls. If so longs could be exposed to 10% risk.
Good Luck
signs of accumulation. bullish above $13.00BAC is showing signs of Accumulation. We can first reference the "preliminary supply" (PSY) in the end of 2015 followed by a "selling climax" (SCLX). The SCLX is a sign of a stopping actions and marks the beginning of possible accumulation. The "automatic rally" is the "dead cat bounce" that allows us to identify future resistance. This was followed by several test and re-test.
This April BAC broke out of the range created a "sign of strength" (SOS) and "jump across creek" (JAC). Now we are seeing prices retreat on contracting volume. This suggest that supply remain in strong hands. If volume remains weak; we have confirmation that price are very likely to begin the next phase: MARKUP.
Look for prices to confirm support while "backing up to the edge of the creek" (BEUC). Coincidentl, BEUC is very near the 50% Fibonacci retracement. I'm a buyer at $12.70
Good Luck!
GS - make or break, wait.This stock had its recovery higher after the bottom in February, we need to see a bullish close above 168.53 for any further advance. If you look at XLF ( thank you KDLANG ) and other bank stocks, then it appears as if there is NOT YET a truly bullish conviction behind those recovery moves. But any real market strength would have to include the financials. Putting it on my watchlist and setting alerts for 168.53 USD.
GS is in DistributionGoldman continues to show signs of distribution an addition to trading with a descending channel. Prices recently created a spring that is capable of pushing prices into "overbought" ranges relative to the trading channel. If buying volume remains contracted into resistance it is likely going to provide a low risk short
Good Luck!
Stay Cautious on AAPL/SPX500The recent rally may have over-extended a bit above resistance levels. However, I don't think these levels will now become support. RSI reached 100 and is now on a downtrend. I would probably short or stay neutral. Oil's/SPX500 recent rise have been a result of oil freeze talks instead of fundamentals. It could be another fake out. I agree with Goldman's take (fortune.com). Just my two cents.
GS Bear - Second ChartGoldman appears to have relatively recently confirmed completion of a head and shoulders tops. The head and shoulders are marked by short horizontal blue lines, and the neckline forms at about 172. Volume during this time period appears to support the formation, as does the attempted rally (around January 29th) on the initial steep decline below neckline support.
Based on the distance (46) between the head and the neck, a long term price bottom of approximately 126 is appropriate, albeit only an approximation.
Regarding Goldmans recent movements, a key support/resistance level for the past two months appears to be 150. While GS has for the moment bulled its way above that point, I would note that for the YTD volume is much higher when GS declines than when it rises. This is supportive of my theory that GS is still declining from a long term head and shoulders tops, as selling pressure is greater than buying pressure. This is also the case on its most recent movement to 154.65 - daily volume was at 6.489M compared to a moving average of 6.363M - not a strong enough spike to suggest the Bulls are back in charge of the big picture just yet, but completely in line with its previous bounces in the year to date.
Again, I'd love any critiques or comments at all.
Oh, as a side note I have no current or planned positions in GS - this chart is purely academic.