GS trade ideas
Cyclical action in Goldman Sachs (GS) could mean that its a buy Since the March, GS has rallied in the first half of each month and sold off in the second half of each month. Now it has broken its short-term downtrend and it could be time to buy. I would use $220 for a stop out because that has been the recent low. I would sell it when it breaks the uptrend...which I assume will be sometime during the middle of the month.
Goldman Sachs Anti Set UPGS seems to be attracting demand recently. The trend down is losing momentum and it might just be the time to enter an anti set up here for a modest 1.5-2R target. Though sellers can enter this market any time, it seems more probable that bulls will take this higher to the Warning Line.