GS trade ideas
Goldman Sachs ominously below 200IF you follow me, you’d know that earlier this week, I already saw the S&P500 revisiting and exceeding the last low. While the earlier part of this week saw a rebound, it is wide ranged and volatile. It is about time for a revisit to the lows, and did you know that Goldman Sachs (financials) are leading the way?
Technically bearish, GS is leading the reversal down...
My GS prediction 30M TF Hello, this is my prediction for GOLDMAN SACHS. You are currently looking at your strong support, my prediction is your probability that you have a chance to expect price increases that are in line with the volume profile where we are in the second standard exception, so you expect a return to your name. Based on other indicators such as expected volatility, higher TF analysis, or fundamental, your own will enter into a long position.
GS Long PlayGS recently popped above its support / resistance at $235, rising to a high of $250 before beginning consolidation back down to $235-$240 forming a flag / pennant pattern. Furthermore, the RSI has been trending nicely and is indicated another bounce should occur shortly. The touch of the 50 day MA is further confirmation, although GS has dipped below it on a few occasions so it needs a bit of room to play.
I often use the ichimoku cloud on the daily to confirm these types of trends and it does so nicely, showing the price consolidating back to the cloud which is currently large enough to "prevent" a bearish move. While the leading line has crossed the base line, I typically view this as noise when the asset is consolidating above the cloud as it is more common than not. It is, however, something to be aware of, and represents a very small red flag on the play.
I will be looking at the shorter time frames (~15 minutes to time specific entry on this long play, and most likely March 20th 250 Calls
GS Goldman Sachs: $245 artificially undervalued towards $1,000new markets new customers when the rich becomes richer and the rise of middle class require more banking needs
Goldman shall dominate this space in the next decade.
That liquidity from the FED and make America great again shall benefit strong hands
Price action wise it's a Parabolic to fresh highs
--
LOADED for the long run
warren may just mark this up to $300 to make a statement
REMINDER: this listed most issues and as underwriter packager
it knows how to surprise the PUBLIC
Goldman running into earnings Having lagged its peers throughout 2019, recent upgrades and optimism coming into earnings on the 14th Jan have sent the stock on a fantastic bull run.
Strong historical price resistance on the horizon so less risk is to trade the break above or indeed wait for earnings to see the stock reaction, it could very well be a sell the news event.