GOLDMAN SACHS Trend Analysis + LEVELS GSGS is going through the correction. This should be a good opportunity to open LONG TERM positions for HOLDERS.
ENTRY LEVELS LONG:
$264
$252
$222 - STRONG BUY
GS
GS/XLF/financials chart patternChart pattern for financials are the same as last year, expecting a bounce Monday then whipsaw.
This was probably the top for financials anyways, I'm pretty sure everyone's refinanced by now and rates can;t go any lower.
Sell Goldman Sachs 300$ to target price 285$Open short position at GS from 300$ to target price 285$ it's 5% gain, with stop 310$.
Reasons - momentum valuation, banks overvalued
Look previous GS deal below short 260$ to 250$.
BAC run-up till ER NYSE:BAC
With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up.
Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run.
so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance.
Bear side: considering 2H,4H MACD strength as declined although price has pushed higher, this indicate upside strength losing.
Overall : current price indicate bull side, unless 27.8 area breaks ( we also have 20MA below) we can hold and using covered calls at 31 level to lower position cost.
Patience is the key.
+15% profit, the (current) party is over .Why you find it hard to make money . Because you don't know AND more sadly, you don't know that you don't know.
When you were laying down on your coach thinking the market is going to continue the dropping , i was here watching the red knifes on the stock market having the bitter taste of watching a live down trend .
That's why i sell you guys at top , when the market is green and good , it's me who's dumping his shares " Market order " over late party joiner head's .
I don't want to be mean , and you should not take it this way . I want to remind you that you don't know and you don't know that you don't know.
Complete your 15 years required degree for the stock-market or take a short cut and get a mentor.
#Trade_safe
Trader K
Goldman sach path and direction Hello everyone
Goldman Sachs channel still seems to be intact
as show in the chart
any question feel free to ask :)
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
$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
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.
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.
Goldman Sachs Technical Analysis - HoldTechnical Analysis:
Trendline has been violated showing a weakness signal (it might be due to the negative news around this stock).
The idea is to hold before going long again. Prices might keep going down up to 180 USD forming a new support level before going up.
Fundamental Analysis:
Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal.
Technical Analysis and Fundamental analysis might suggest to hold for now before going long.
The idea is to invest in the trend direction, but because the trendline has been violated and the fundamental analysis might impact negatively to the stock, there might be a possibility that price can retrace for a while before going long again.
GS Goldman - Where is it heading?We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...!
Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas would be: 219-225 areas.
Go through lower time frames once direction is confirmed, you could even add alerts to your charts or if you're feeling very confident add orders in.
Enjoy - have a great weekend.
GOLDMAN SACHS - Sell Opportunity - Target Remains @ $190Today we managed to break and hold below the 200 MA on the daily time-frame.
Target remains at $190
Goldman Sachs $GS SELLTechnically bearish
Q2 Earnings very short lived
Struggles to hold above 200 SMA
Stock pared its gains since the report
Weekly candle made lower low.
Further downside is warranted.
Near-term Short Target $190
GS BUY HERE , TARGET UP TO $250GS has confirmed the target " Flag " pattern is the resistance of the old peak of $ 250, the current price is above the MA200 moving average.
- The Macd shows support for the new uptrend.
- Market sentiment also shows optimism.
GS buy : $212-$214
GS target : $250
Stop loss : $195 ($195 is the price range showing strength, determination to grow, the volume here is large, once it is reduced below $195, all efforts to increase prices will be canceled) .
Wish you good deals!
BanksLike the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
