GS trade ideas
GoldmanSachs Breaks Out With Other Financials $GSGood Morning,
I held some $210 and $230 call options overnight. Looks like we're about to head up toward at least the $216 area if not higher. Earnings are reported Monday morning prior to the bell.
$GS GOLDMAN SACHS , LONG INTO EARNINGS, AND BEYOND.Goldman Sachs was a long for us into last earnings and we were rewarded, since then it has consolidated and we predict another upward move next week. Long term we believe investors will be rotating back into the financials
and out of some of the high flying tech companies weighed down with huge debt. Not everyone agrees but the banks are safer, and a new cycle of investment is starting we believe.
Goldman Sachs Earnings Pop? Hey guys, quick disclaimer; I am a novice technician but I'm here to learn!
I'm playing some $210 call options for Goldman Sachs earnings.
Goldman to me, has more upside potential in the financials vs. JPM or BAC. And with the onslaught of IPOs it should be a forgone conclusion their revenue/earnings should be boosted in that environment. The SPY appears to want to make another attempt at all time highs so I've shifted my view to GS for a catchup trade with GS.
Feel free to give me your thoughts on the trade or the chart analysis.
Thanks!
-R
$GS Goldman Gives HopeAfter a torrid year Goldman Sachs is showing signs of life. Troubles with yields and scandals seem to abating. Had a very positive move on last earnings report and the charts point to another upward move after consolidating.
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GS: hybrid indicators show rotation patterns ahead of earningsGoldman Sachs is the most prominent Financial Services company at this time. GS also has a retracement correction pattern that has halted at a gap up support level, similar to BAC. The stock has had declining volume patterns for all of this year until recently during the sell mode. Hybrid indicators show rotation patterns.
Goldman Sachs - The Vampire Squid GS is currently trending down until the highs on the chart are gained.
Very well respected fib on the chart. Here is the fib zoomed out -
I wouldn't be surprised if the gap was filled or the 786 was tested for support.
If the 0.618 is broken then a move to the 0.5 or 0.382 is on the cards.
Goldman Sachs - Market OverviewThe market keeps a bearish trend. After bouncing from a support zone between 160.00 and 150.00 levels, the price moved upward to SMA100. We can see two attempts for breaking this line, but they were not successful. SMA100 and 200.00 resistance make a barrier for further upward movement, and we should expect for the reversal from this zone.
If price bounces from this resistance and drops below the local uptrend line, it will be a signal confirming further falling and continuation of the bearish trend. The breakout can be used for opening short trades with stops above 200.00 and profit targets at 160.00 level.
If the price can move above 200.00 level, we will get a trend reversal confirmation and buy opportunity based on this signal. But the upward movement can be limited by the main downtrend line. Breaking above the main trend line will give one more confirmation for the trend reversal. From that moment it will be possible to search for buy opportunities based on breakout and reversal signals. The market will be ready to start a new bullish trend.
GS stopped @ previous GAP and now has gap below GAP resistance again
Blue line from the highest high and down trending
channels are resistance zones from gaps and hi/low peaks [ R&S}
seeing if secondary resistance lines are S&R - noticing gaps in these channels occasionally
GS Approaching Resistance, Potential Reversal!GS is approaching its resistance where it could reverse to its support.
GS Approaching Resistance, Potential Reversal GS is approaching its resistance at 211.21 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could reverse to its support at 182.59.
Stochastic is also approaching resistance where a reversal could occur.
Goldman Sachs $GS weekly flag, volume pocket aboveGS flagging on weekly with volume pocket up to $218+ on move above $200
GS is a long with a stopGS is in a tight range. Market is trending up with potentiatly more positive news ahead on trade. 50MA is pojnting up on the daily and I believe $203 in the near term is posible. My stop is set at a close of $191.50.
GS Approaching Resistance, Potential Reversal!GS is approaching its resistance at 211.21 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse to its support at 182.59.
Stochastic is also approaching resistance at where a reversal could occur.
$GS long Bull flag breakout. This could test down trend line around 210-212, then some sideways action before popping over.
Goldman Sachs - GS - Bull Flag? Look for breakoutNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Took a really profitable trade on GS yesterday and got out right before it hit the top. Now I am looking for a more long term trade since we hit a bottom in intraday trading today. I'm not going to touch GS unless it breaks a key level around $200 and closes on a daily timeframe.
If Goldman Sachs can close above $200 then if I look at a measured move on this flag pattern, we are likely heading to $223 which would be over 10% from breakout (not from where we are right now which is about $192).
There are a lot of factors that one needs to consider trading right now and one of those factors is the fact that we're still somewhat stalled on trade deals with China and shaky ground in the legislative / executive branch in the USA.
Regardless, if we can break through this level and potentially retest it to confirm support, we have potential to make that strong push up. It'll take time and this is where patience could pay off. Keep the stop loss.
Trade safely friends.
<3 -CE-
Goldman is a good buyThe whole financial sector looks too risky for me with the fed halting interest rate hikes and stopping QT. GS is the exception.. and maybe AMTD.
Fib loves support at $170 12/31-1/14
Retested support at $190
If it can punch through $203 (resistance) I think this thing is mooning to $210
At the very least this is a safe trade to $203 because it has to retest that resistance
Moving avg bullish
Bullish volume because of that earnings beat on 1/14
EPS Est $4.45
EPS Actual $6.05 – +35% beat
Weekly MACD looks VERY bullish
Got in yesterday at $192.10
