GS Price Target 347/348GS has been on very strong run all March and broke though our trendline that has been holding since early Feburary. We recently had a strong pullback to the previous ATH @336 and is now holding above. As long as we continue to trade above 336 we will find ourselves at our PT @342/347-348.
Gslong
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 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!
GS @ 15 min @ just a little bit - daily (3 GAP`s left behind)Basic horicontal lines (support/resistance) are:
242.42 high of last week
235.54 low of this week
225.73 opening price & low of last week
GS opend this week around last weeks highs and created weekly lows around basic upside, before breaked out slightly today. Noticable, at in my opinion, are the facts, that GS created 3 GAP`s. 3 Upside GAP´s are suggesting me, that many traders are scared not be long also. Usually GAP`s got the property to be closed - in a superior upside trend. And that`s the reason why i adon`t wanna ignore all 3. I am relative surely that the market will let all 3 left behind, while next week at least. But market pressure like yesterday is always possible - even if the fundamentals are suggesting still higher prices. How ever, use the GAP`s still as an entry, guys :) i bought today some CFD`s at 241.50 :agree:
241.62 & 240.27 3rd GAP (before todays outbreak)
238.20 & 237.50 2nd GAP (after fals breakout while monday)
236.72 & 235.54 1st GAP (thursday opening, last week
price targets (based on development last days) could be
243,22 last alltime high & 3rd GAP
246,64 last alltime high & 2nd GAP
248,12 last alltime high & 1st GAP
superordinate prices targets (on higher time frames) are still
249,30 last week alltime high & low of this week
250,70 all time high from october`07
259,11 last weeks high & low difference
JPM for example breakedout for a long minutes, hours, days.
From tis point of view, don`t get panic if the price raises too much at once.
Of course, it`s all relative - not only compared to other bank or financial shares!
But in historical context - even before so called financial crises `07 - the numbers we`re not better as the political (trump, reds, fiscal policy) or even financial market environment (low rates - cycles is slightly starting) :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron