$GSA break on 172ish resistance could take us to the 0.382 fib retracement for a dead cat bounce. IF that happens and 172ish support helds, will create a HL and with the previous HH could confirm a downtrend reversal.
GS trade ideas
GS Broke Out Of Major Support, Potential Drop!GS broke out of its major support turned resistance at 171.75 where it could potentially drop further to its support at 137.33 (horizontal swing low support).
Ichimoku cloud is also showing signs of downward pressure which contributes to our bearish bias.
GS Broke Out Of Major Support, Potential to Drop!GS broke out of its support-turned-resistance line at 171.75 (23.6% Fibonacci retracement) where it could potentially fall further to its support at 137.15 (horizontal swing low support).
Ichimoku cloud is also showing signs of downward pressure.
Dow Stocks Goldman Sachs (GS)A look at Goldman , this is a younger company than most and seem particularly vulnerable to a financial crash
I used mostly monthly resistance, very rare will weekly matter in this case
Goldman Sachs: Nice H&S ReversalBack to the low 170's? Seems reasonable. Poor sector performance, nice H&S pattern. We're going for it...
Decision Time for Goldman SachsThe H&S target has been reached, leaving GS at the rising trend line of the large rising wedge that has been in play since the 2008 crash. The RSI is showing that GS is oversold while the MACD is still taking a plunge. A MACD recovery and bullish cross would be a good sign. If the price closes under the rising trend line, I expect a large plunge to the 0.786 Fibonacci retracement. If the support holds, expect return to the top of the rising wedge .
GS Approaching Support, Potential Bounce!GS is approaching support at 171.75 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 209.46 (horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 3.1% where a corresponding bounce could occur.
GOLDMAN SACHS: when a giant stumblesGoldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc.
For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of hopefuls heading north anytime soon. A northward push (if it happens) could attempt to test what I see as the base of a not so well-defined head and shoulders on the weekly.
The other major problem is that we are in dangerous economic times - far worse than 2008. So, GS could well head into a massive dive just like around 2008.
My strategy in the short term:
1. Wait for a pulse north and follow that if it happens on a microtrend (long position).
2. If that microtrend happens to get near the base, I'll be out - then look to short.
(Emphasis on the word 'if').
Longer term strategy:
1. If price goes into a deep dive like in 2008-ish probably months away, then look for favourable trend heading north, to go long.
2. Stalk for a double bottom if it happens.
Autonomous AI Vision Fund Upgrades Goldman Sachs to Sell $179.5Autonomous AI Vision Fund Upgrades Goldman Sachs to Sell $179.5
Strong Sell Rating $270
LAST STAND FOR GS AND MAYBE INVESTMENT BANKING The break of 188 support now gives a last stand support in the 161 to 168 area after that NOT GOOD AT ALL
GS Approaching Support, Potential Bounce!
GS is approaching support at 171.75 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 209.46 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.15%.
GS Bounce LongLong based off trends and fib levels
Long: @$175.00
Stop Loss: @$157.00
Profit Target: 312.00
Risk Reward: ~1:7
Long GS at gap windowGS is at support and in an oversold condition. I'm long a full position at $184.05, target $210.00
GS - Long swingGS Long swing in play. GS into support/high pivots + Fib .618. Im getting long GS here at $191.80. Target 1. $210.00 I will update target 2. once the first is reached.
$GS shortable H&SAlready missed the ideal entry point but if we see a retest of the newly formed support, theres a good RRR to short this setup
