GS - Bearish TrendBear Put Spread
bought 25th Oct $210.00 Put 8x100 $7.46
sold 25th Oct $200.00 Put 8x100 $3.51
GS trade ideas
Upside projection for GoldmanTaking a 1:1 measurement of the farthest divergence from the descending trendline applied to the point of breakout gives a potential price target of around $268.
GS, Double top aead?Will this be Double Top technical formation or heading to Fibonacci 61.8 level time will tell.
My play is short with S/L tick above Fibonacci and T/P on 3% from MA200
$GS breaking out?$GS breaking out? It broke over the $210 resistance a second time. The last time this happened was after an earnings surprise and then it got brought down with the rest of the market. A breakout over $220 would confirm. The 50-day EMA is trending up and about to cross the 200-day EMA as well. Looking for a channel to be filled up to $240 or up to $275 (depending on recession indicators).
GS fell 2.42% on Tuesday trades but held on above 196.90GS - Goldman Sachs share prices fell 2.42% on Tuesday trades but managed to hold above 196.90 support level. Share prices have been on a consolidation mode for about two weeks from 204.54 to 195.00 and could continue to retest its previous resistance at 204.54 if it breaks and holds above 200.00 price level. A critical support price level is estimated at around 195.45.
GSI will take a closer look at MA200 price level and Fibonnachi 38.2.
On top of those RSI will give us a signal where the price can go.
On H4 time frame we can see some possible bullish development in front, and futures are green, at least for now
GS broadening tri, C&H, overextThis is for bullish thesis (in case of more cuts and market reacts positively). Yields ATL, TLT through the roof.
GS is getting ready for a shortNYSE:GS is getting close to a resistance cluster
it's hell of a short!
can you guess why the rectAngle is resistance???
let's see how it plays out :)
GS breakout and bullish structureGS breaks out of a flag, with a gap, and heavy amount of Doji's on the the Heikin Ashi signal that market consolidates on GS. Also, Snap and Micron breakout helped bolster bullish market sentiment for GS. MACD shows consolidation after GS most recent earnings. Heavy consolidation right below 61% fib line and more institutional investors consolidated at 50% shown by the gap to the upside. Not overbought or oversold even after Bollinger band constricted heavily in march. Possibly less volatile for GS ahead after flag breakout. (XLF-orange and KEY-Blue are used for comparison) Bullish structure formed after GS broke out of flag.
