GS trade ideas
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.
$GS Goldman Sachs Bullish pre earnings
Bullish break above the 200MA on Tuesday.
Volume increasing
Sentiment increasing and possible market Rotation
Well formed up trending channel in place.
MACD reversing from Zero-line as Histogram
ticks higher and green.
RSI in strong uptrend
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
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!
ABC Bullish Earnings 7-15 BMOBreak out is possibly at 199.75 which has happened
Earnings are around the corner. GS does miss sometimes...I guess most companies do though
Short percent is low
I have never owned this stock, but have sometimes wished I did. I can not own everything though (o:
I do not own GS and am not recommending it