GS trade ideas
$GS looks like potential head and shoulders set up Many of the $XLF holdings look to be setting up head and shoulders patterns. Maybe it is sympathy to the big head and shoulders set up on #Bitcoin or is it Basel III standards going into effect.
$GS to 391 extended target for the month of JunePlay for June opex. GS to 391 extended target. Set stop loss at 362.
Pennant formation
GSLong GS🚀📊
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Possible Parabolic ArcWhat a run! This is a weekly chart. There are also several rising wedges on the daily chart that I did not draw with the lowest wedge being right under 240. Nothing slowed GS down!
No recommendation.
Arcs usually pull back anywhere between the .5 and .786 fib levels. I have seen some pull back only to the .382, but it is usually short lived before another fall occurs...not always though.
Arcs can be volatile to trade until they land, and even then can remain volatile for quite some time. They are volatile due to the extreme bullish stance folks have but as a rule, a move this steep is not sustainable long term.
Human nature usually wins this battle, and folks sell due to greed or pure common sense. Short percent is low and NV is high. If you want to buy this pull back, just be safe.
If or when it falls, or lands, it usually does not happen overnight. There will most likely be "Pull Ups" along the way. Good luck!
Using cRSI indicator to determine buy/sell signalsIf RSI deviates below out of the dominate cycle in the downward direction, due to the cyclical nature of the RSI indicator we can expect the opposite to occur in reaction to the first divergence.
Thanks billionaires friend FED $GS bullshit almost overThanks billionaires friend FED $GS bullshit almost over
GS - $384 PT C&H BreakoutAs you can see we have a C&H breakout with an implied price target of $384 on this pattern. May see a re-test of the neckline and if so, this will be your best entry on confirmation that this becomes support. GL!
$GS with possible rejection from upper trend line$GS Descending Triangle Pattern. it can go either direction but I like it on the downside to 354 area. PUTS 360p JUNE18 for possible play or CALLS over 371
SUPPORT LEVELS:
366.30/366
364
362
What sectors weak and strong Charts will show longs
and shorts and why
SPY XLF QQQ still longs
SMH IWM pretty sad
IRON TARIHi guys!
This iron condor is 4 weeks, 10% strikes, 87% probability to get max profit.
The premium is nice, with 5$ spread per strike we have:
Max profit 90$
Max losso 410$
Very nice for an 87% proability to get the maximun credit!
Enjoy your wallet!
Tari.
GS swingHello, as my idea of swing-trading with JPM, here is the same working idea too. Waiting for statement publication and look what will be.
They have potential to growth or falling in both direction. But I think, mostly it will rise.
$GS Before earningsGS has put in a larger wave 1, 2 o the daily timeframe, and it seems that this near term pullback that we've experienced could be a wave 3 to 4, looking to break higher in the following days. Indicators show and upwards trend, ready to test those highs again. The only bearish divergence is the conversion wave on the Ichimoku indicator, crossing lower over the last few days. Whether this is a corrective wave or not, due to the recent low on the daily chart, we are still prime to correct to a wave around the .382 or .236 fib levels. If we break higher, then my target of 370.35 is still on target. This is all dependent on ER coming up this week.
Goldman Sachs Reports Earnings Next WeekThe last two weeks have seen a sharp pivot toward technology stocks and the Nasdaq. But traders might want to remember that big financials including Goldman Sachs kick off earnings season next week.
Several patterns appear on the chart. First, GS has pulled back near its 50-day simple moving average (SMA) but not quite touched it.
Second, its range has been tightening. Bollinger Band Width is down to its tightest levels since mid-December. This creates the potential for price expansion.
Finally, stochastics recently showed an oversold condition.
Aside from earnings (on Wednesday, April 14), the economy is a potential catalyst for GS. Most data continues to point toward a strong recovery – especially today’s higher-than-expected producer price index.
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