Goldman Sachs could see $200 by end of 2013 Long

Goldman Sachs Group, Inc. (The)NYSE

Description

⋅ Sep 8, 2013 7:05 PM

This trade is a continuation of y previous trade idea where we shorted GS (from Wave point 4 onwards).

Price action has respected this Wolfe wave and gives me more confidence of the target price of $200 being reached.

Details of the previous trade (the prelude to this trade) can be found here: tradingview.com/v/oSrKwGXB/

Comments

justatrader

⋅ Sep 10, 2013 4:24 PM

So far so good. Today's new of GS being included in the DJIA shot the price up.
thestreet.com/story/12032549/1/nike-goldman-visa-attain-blue-chip-status.html

Sep 20th is when the stock will be included in the Dow Index, so expect some more buying around that time, also on Oct 1st Berkshire hathway will be increasing its stake in the company thanks to a previous deal. All in all, the fundamentals are pointing in the right direction.. After all... we're chasing a stock that the 'Oracle of Omaha' is keen to acquire.