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themarketzone
Oct 15, 2014 12:48 PM

Weekly bearish engulfing, trend line breakdown - $GS is a buy? 

Goldman Sachs Group, Inc. (The)NYSE

Description

I saw some analysts saying the GS is cheap before earnings.
Last week we saw a weekly bearish engulfing candle (Outside bar).
This week we see trend line breakdown and a close below the 180$ resistance zone.
Even if GS will bounce from a good report, can you really call it a "Buy"?
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