WILL HISTORY REPEAT ITSELF WITH GOLDMAN SACHS ? Here on the $GS chart we see the beginning of a pattern we first saw in august and September last year. Will history repeat itself ?
GSD trade ideas
$GS Staging a Breakout to ATHs$GS looks to be ready to break into ATHs
Not the best volume pattern but 2 things I like:
* Tight daily candles below supply line
* Earnings out of the way and decent good reaction to them with 66% growth reported
$GS - high level overviewGS appears to be in the minor wave 3 of intermediate 5 of primary 1. After this last extension we will be topping for a primary 1, and a large drop is likely to occur. This lines up with the overall view that soon the indexes will also be coming to a wave 5 top.
This could still extend for quite some time, possibly even tag 500, but the divergence here shouldn't be ignored. On a break of the lower TL(w/ volume confirmation), the backtest is a short with a PT being the covid TL which has confluence with covid low AVWAP (well above the 61.8 which will be the ideal bottom scenario for longs)
Trading this: scalp longs and wait for signal to go short
Falling Wedge- BullishWill be watching GS closely for a breakout here (broader market conditions permitting). Solid close today after reclaiming the 50day MA as well as forming a falling wedge on the 4-hour and daily timeframes. Definitely important to note also GS does have earnings coming up on 10/15' - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
- Falling wedge ( bullish )
- Bullish divergence on the RSI
- MACD cross
- Reclaimed the 50-day EMA
- Earnings on 10/15'
PT1- $395.57
PT2- $396.11
PT3- $399.90 + Breakout
GS - Coiled Spring Between 8 and 20day MA(Opinion Only)
Rates would favor the bullish long setup here.
Held the 8day MA and so far 20day is resistance.
Bullish above the 8day.
10/17/21 GSGoldman Sachs Group, Inc. ( NYSE:GS )
Sector: Finance (Investment Banks/Brokers)
Current Price: $406.07
Breakout price trigger: $405.00(hold above)
Buy Zone (Top/Bottom Range): $396.75-$379.00
Price Target: $419.30-$421.60 (1st), $465.00-$467.40 (2nd)
Estimated Duration to Target: 19-21d (1st), 123-130d (2nd)
Contract of Interest: $GS 11/19/21 410c, $GS 1/21/22 430c
Trade price as of publish date: $9.70/cnt, $10.27/cnt
Goldman Sachs (GS) LONG OpportunityNice double bottom at $372 and bouncing off the 120 EMA.
Gapped above the daily down trend line for past month.
A 127.2 Fib extension from last major high to low gives
possible target of $433
Financials usually like higher inflation and interest rates,
up to a point. BOA and others breaking upwards.
They may want to fill the gap down to $393ish before
taking it up
GOLDMAN SACH : CMP 406Stock breakout from weekly time correction when it breaks the levels of 250...and already give 60 percent return....can sit and ride the journey at current levels with SL 355 on closing basis and trail it....stock can be in range bound for more one month and then start more upside
GSGS looks good for highs once again iMO..
Over 399 get ready for 403 - 411 - 420 R LVLS
Can scalp 399 to 403 on a quick play. .
If buying commons
LIS 390
Goldman Fights the DowntrendGoldman Sachs hit a new high late in the summer. Now after a healthy pullback, it may be ready to keep moving.
The first pattern on today’s chart is the falling trendline that began on August 30. GS tried to break that resistance twice last month. It was rejected both times with large bearish engulfing candles. But on Thursday it touched the line and managed to close above it the next session.
Second, notice the double-bottom around $372.50 on September 20 and October 4. Such a bullish reversal pattern could mark the end of its shorter-term downtrend.
Third, GS closed above its 8-day exponential moving average (EMA) for the last four sessions. That hasn’t happened since the pullback began.
Finally, the situation off the chart is potentially positive as interest rates rise, financials advance and GS prepares to report earnings on Friday.
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GS swing short updateGS down about 10% from entry, but for the first time in this trade we're getting into the area I am really interested in. The major inflection point. Shallow rally off it, I'd expect to see that in a break - but will the break come next?
Big decision level for Goldman. See linked for previous.
GS could pull back to 380 and hit my buy zoneGS could pull back to my buy zone of $380 and consolidate here. We may get a run into earnings type price action and hit my target of $400
GS to the long side as long above the 8day MA Rates spiking higher to 1.45% good for the banks and Goldman is no different.
(Opinion only)
Goodluck
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on GS after a long downtrend & some consolidation-
- Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well
- Buyer volume starting to pick up again, was in oversold territory for quite some time
- MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured)
- The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows
- Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on
PT1- $392.16
PT2- $396.52
PT3- $398.95+ Breakout
Goldman Sachs | Detailed Fundamental Analysis Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some time.
GreenSky currently serves a $9 billion loan portfolio and has served about 4 million consumers with about $30 billion in loans since launch. Here are three reasons why Goldman is entering the "buy-now-pay-later" realm and acquiring GreenSky.
First, to help continue Marcus' growth.
Over the past several years, GS has been looking to grow its franchise in consumer lending to generate more stable revenues that can be volatile in investment banking. An important part of that strategy was the bank's launch of its digital bank, Marcus, which offers high-yield savings accounts, loans, and credit cards, and eventually plans to offer checking accounts as well.
GreenSky will help Marcus expand its offering of credit products, but apart from that, it will help the bank increase its overall user base. Marcus currently has about 8 million customers.
GreenSky provides a low-cost strategy for acquiring not only more customers who will take high-profit loans, but also customers who can be cross-sold other Marcus products - whether it's a savings or checking account or perhaps a mortgage.
In a presentation on the acquisition, Goldman said GreenSky represents an opportunity to capture the $430 billion home repair market, which provides 20% plus returns at scale.
GreenSky has also created a network of more than 10,000 salespeople with whom it works to transact and engage customers at the point of sale. This segment could also be valuable in the future. Goldman already offers many capital markets and investment banking products that it could sell to these customers.
And who knows, maybe at some point the bank will expand its consumer franchise into business banking. Of course, this is not projected or anticipated, but this segment could be a great starting point if Goldman ever decides to do so.
Second, it would help improve the bank's stability.
Most fintech companies tend to struggle to generate the profitability and returns that shareholders want because they are acting as a bank without being a licensed bank. Not being a bank has its advantages, most notably less regulatory oversight, which allows these fast-moving technology companies to be more nimble and acquire customers in a much more efficient way than a traditional bank.
But the disadvantage is that fintechs cannot collect cheap deposits to finance loans and therefore have to count on partner banks and warehouse space, which increases the cost of financing. GreenSky also relies on partner banks for its loans, which probably costs them as well.
With the backing of a major bank like Goldman, GreenSky won't have to worry as much about the financing aspect, especially if Marcus proves successful in collecting deposits. The bank will also probably be able -- if it wants to -- to put these high-interest loans on its balance sheet and collect regular monthly interest payments.
This is more profitable than selling loans for fees, on which GreenSky earns most of its income. Goldman will also be able to offer GreenSky more resources to improve its technology platform.
Well, third, it's a pretty good purchase price.
Goldman's $2.2 billion offer sent GreenSky's stock soaring more than 50 percent, but the purchase price is not such a crazy valuation for a somewhat promising fintech company operating on a "buy-now-pay-later" basis, a sector that is now attracting a lot of investor interest. On a prospective basis and after the Goldman announcement, GreenSky currently trades at 3.8 to sales, 20 to earnings, and 14.3 to earnings before interest, taxes, depreciation, and amortization (EBITDA).
As Marcus and the consumer banking franchise seem to be on the right track, this Goldman deal is to everyone's liking. It offers the consumer banking business a whole new customer base with a low acquisition rate to which it can hopefully cross-sell its other consumer banking products. In addition, the price Goldman is paying is reasonable, given how large the bank is and how the bank's stability should make GreenSky's operations more efficient and profitable.
GS.NYS_Swim Trading VZ Breakout Trade_LongENTRY: 407.36
SL: 383.76
TP1: 429
TP2: 441
- ADX>20.
- RSI>50.
- Holding alright above pivot point "P".
- Entry based on breakout from VZ today.
- Strength meter shows weakness so entered with lower risk.
GS, pullback from Dividend or time to sell banks?Interest rates on the rise means 1. end of world. 2. banks start collecting more interest. Took several monthlies in anticipation that gs will find new ways to make money very soon.
GS Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
GS bearish divergence, SHORT nowBearish divergence in MACD. Think that we have a short oportunity going on here. Price has not strenght to keep going up. Stop Loss above previous high.
The case for the Goldman short.You can't short companies just because you think they are abhorrent (You just give your money to people you'd not like), but just for the record - I don't like GS. Been waiting a while for the shorting opportunity to set up in GS.
GS has been hy6per parabolic through the last swing. A common trait of a blown-off top. These moves often terminate in the 161 extension area of the previous fall. There can be some false breakouts but when the market gets back under the 161 the sellers come in hard and strong.
We have a bearish butterfly completing. The butterfly and the head and shoulders are two of the most common false breakout patterns I tend to see around large inflection points. When I see a butterfly here I am usually willing to speculate not only the butterfly will drop the market but also that the break it makes will develop into a second trade. The price action I am looking for here is there to be a hard sell-off. A breaking of the range and harmonic low. The market slowly ranging for a while (Probably at least a few days) and then a hard second break - which is where we'll be into the meat of the downtrend.
This is similar to a previous BTC forecast, which is linked for an example.
ANALYSIS ON W1 TFIf the current top holds, price will see a correction to complete the current cycle. Manage risk responsibly
