GSGI34 trade ideas
Buy GS between $212 and $211 for short-term bounce.GS is overbought, and will be pulled back more. Buy GS between $212 and $212 for short-term bounce.
$GS Base and Breakout Setup (long)The key to trade this kind of setup is the Buy Stop on a breakout. Without breakout or breakout on the wrong side
--> THE ENTRY IS NOT CONFIRMED.
You can choose to buy breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout point then buy. This is much safer method but sometimes there’s simply no pullback after the breakout. A compromise might be half to buy breakout and half to buy pullback.
Ending of the Goldman Sachs rallyGoldmans Sachs had a great really from November 2016 until now. The chart is moving sideways now and shows singular sell signals . The investors are less modifying their $GS positions. They make themselves ready to close their position. The sideways chart shows irresoluteness about their actions.
Something DifferentI don't usually trade equities, but a fellow trader told me to take a look at the Goldman Sachs chart...
Price is currently consolidating near the 10 year high of $250.70, after a huge bullish run in the second half of 2016. For me, what I'd be looking for now is a break & retest of this $10 channel, with targets around $218.00 and $200.00 (good psychological level), which would profit between $19 and $37/share.
The icing on the cake for me was a quick look at the RSI, which shows clear bearish divergence on both the daily and 4H chart..... IF we do in fact see the breakout, it could happen within the next few days, or next week Tuesday when earnings comes out, which is estimated to be worse than last quarter.
**Full Disclosure : Even if this setup works out in the end, I probably wont be trading it, just a first glance analysis.**
Goldman Sachs might go up....Hi again, as you can see on the chart above,(GoldmanSachs)(GS) it has managed to obtain a bullish candle on Friday(or yesterday, depending on where you read this) but I have just realised that whist it is bullish, the stocks are still moving sideways, so I believe that I should wait and see if it goes higher or lower, so we will see once the current stock market opens on Monday again. Thanks NYSE:GS
apple and Goldman Sach meet big resistance.apple and Goldman Sach meet
big resistance.
Hence we can short spx500 and Dowjones
Trump-Turbo still alive?Short/Midterm view:
The "Trumpy" uptrend is still intact.
We see the next bullish chartpattern - a bullish flag or classical 1-2-3 pattern!
How to trade it? Feel free to have a look at: or
Longterm view:
We have reached THE central Pivot resistance Level @ ~ 250$! Above that Level, the sky is the Limit!
But: The RSI signs a weak selling Signal. Interesting Niveaus for an upcoming (and healthy) consolidation could be the 38,2 fibo at 204$. At the fibos 0,5 and max are also based the SMA/EMAs!
Former view:
Trendbreak + Double Bottom + H&S=Long?
GS Goldman Sachs has broke from uptrend and curved down slightly... We had bullish volume on close this past Friday but still didn't beaten out the bearish volume. The stochastic is not completely frail so there still pricing power to send the price lower.... Look for possible push down to about 210, expect a push back up to this 239.45 resistance and than probable fail on the retest... that is where i would short.. while setting alerts at 2nd and 3rd horizontal lines on chart...
Any questions, please let me know.
Constructive criticism is always welcome..
GS @ 15 min @ Will this technical construct hold, traders ?Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
GS HS topNice run, euphoria melting to reality. It will take Trump until at least the 3rd quarter of 2017 before earnings show any signs of actual improvement from his actions. Any runs from here are hope based, inspiration based, and all that hype has got to have a huuugggeee let down at some point. Can you say CHINA. And HS tops and bottom, however they form, are reliable since they are simply a reflection of trading mood and enthusiasm for profits.
GS Goldman Sachs Weekly This is Coldman Sachs Weekly Chart back from 2000.. & it is the main driver behind $DJIA Rally & in general the main driver behind major US Indices.. Has or almost about to hit the channel's upper resistance level.. If that is the case we should see AT LEAST a pull back in line with all American, European & other Indices..
Short on a pierce and fail from long term years topShort on a pierce and fail from long term years top
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
LAST RECO ON GS - SHORT AT THE MONEY PUTS w 1 day to GoTough to swallow but GS trading over 241 aq t time of reco..
That's right. If you have been having a great year and are as frustrated and stupid as one can get when a position goes 180 on you -- BUY 237.5 PUTS expiring tomorrow, DEC9 at .73
The god damn stock can add 10 points in a couple hours p and has practically been doing so for a month. The reason I did the bear call spread before this is there are a ton of open interest in calls under us here - and I say these market makers work it backwards to neutralize a few strikes tomorrow.
Plus --enjoy a moment to pay as little premium as you ever will this quarter in an option that's almost at the money (key word - almost) as technically we are 3.5 points away right now - but c'mon. .73? I bought 20, call it my last hail Mary is i have 4 weeks to let these other puts work. I'm not adding furher after this - and still believe these trades will work. In fact - the chances of a 10 to 20 point pullback in a day at some point in next few weeks is over 70pc...
This is for aggressive traders who. presumably, have some profits they are willing to PLAY - CALL IT CRAPs, as at least I think you have max ODDS ON THIS THROW.
SHORT GS AND TAKE 3 POINTS!!The call premiums are crazy on GS - but so is this run, and shorting it srtraight w puts is killing me. I know - it is deadly to start saying "I'm gonna getcha" but this rally is ahead of itself even by crappy analysts who are making balsy calls like ' OK - I'll change my target from 189 to 245" - yes - 2 Days ago!. Wow. Pay the man.
SO _ one thing that does happen on these weekly rolls w this volatility is about 1.5 pts of premium gets sucked out between late Friday afternoons and early Monday Am. I just:
BEAR CALL SPREAD : SELL DEC 16 235 Calls, BUY Dec 16 240 Calls. PICK UP 3.5 ponits RR 2:1 risk $175
