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1GS trade ideas

GS - A Long Term View for traders and investorsFrom a technical perspective, there is alot to like for the long side to this chart. A typical bullish breakout setup is forming on the long term, and GS is positioned to benefit from any continued strength in the market, from a fundamental perspective. On the short side, there is a definite pattern for some very nice short term profitable trades even within the context of the overall long bias of the chart. It really depends on whether you trade/invest on a short term or long term basis. We have not included all past trades for this time-frame, but the ones we are including gives a good idea of the size of the trades that were reacted to, even if they haven't hit their 1st targets. Plenty of room for profit taking w/o having to be 100% on the nose. The ranges of the entries for the trades are clearly shown by the area encompassed price-wise by the corresponding rectangles. Some are very wide while other are smaller. Regardless of the range, every trade that we identify has a minimum target of 5x the entry range, in other words, every $1 risked has a potential for a $5 profit. Risk/reward is always a minimum of 1/5. We never show any trade on any time frame that doesn't meet this criteria.
NYSE:GS
by spytrader
1
GS setup for a fall, targeting lower prices in next 30 daysIt appears to me that GS is running up into heavy resistance from the mountain of sellers over the $110 level and into the GAP supply zone where GS slid from 108 to 102 on aggressive selling this spring. The rally appears to be forming a persuasive-pattern where plenty of new highs and smaller reactions creates the illusion of plenty of strength. The strength is masked by low volume, which indicates we should be skeptical of the rally. Volume on the exchanges is dwindling and that is a fundamental, long term weakness. The Knight-Capital disaster is a positive for GS as it makes the competitive landscape that much smaller for GS to dominate. I wish us all good fortune in entering a trade against the trend - it always takes "guts" to stand in front of what seems to be a steam train. I could see entering anywhere from the 105 to the 110 level. So, follow this chart and I'll do my best to pin-point the safest entry time that I can find. Cheers. 9:29AM EST Friday, Aug 17, 2012
NYSE:GSShort
by timwest
13
GS terminal triangle possibleThe mood created by this pattern is one normally associated with euphoria. Each sharp break leads to a new high and each sharp break is a little less than the previous. The net result is that the buyers have pushed the stock up to an unsustainable price that once it stops, it trips stops and then triggers a sharp decline to the bottom of the triangle formation. The 1987 stock market crash was multiple "terminal triangles" and created bunched stop loss orders. Terminal triangles are rare and this is a tiny one, but the nice thing about them is you know if you are wrong very quickly and the risk of loss is small relative to the potential reward. GS 124.62 12:10PM EST Mar 28, 2012 By Technical Tim
NYSE:GS
by timwest
6