As we start into the Earnings Season, our focus turns to Goldman Sachs Group on the daily chart. Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390. Now, the anticipation is set for Wave (2), expected...
This is to follow up my previous idea on Groupon. On the 2H chart, price is in a one month sustained breakout from the volume profile and into the upper VWAP band lines both anchored for end of 2023. The faster green RSI line crossed the 50 about the same time and basically has not looked down. The slower RSI line has slowly risen from 55 to 65. This is in...
📈 Technical Overview: GS Price: Potential benefits in uncertain macroeconomic conditions. Resilience: Historical resilience, particularly noted during the 2008 financial crisis. Private Equity Capital: Significant capital in private equity firms ($1.3 trillion at the start of 2023). Potential Impact: Expected to benefit intermediaries like Goldman Sachs. 📊💼...
Goldman Sachs - NYSE:GS Chart looks promising ✅ Rising 200 week and 200 day ✅Break out of long term pennant ✅ Pull back would be healthy here 🚨 Main concern would be a double top rejection from red line on the chart Earnings Perspective Rev ~~ $11.32B, EST. $10.84B EPS ~~$5.48 VS. $3.32 Y/Y AUM ~~ $2.81T, EST. $2.77T PUKA
NYSE:GS has had a sudden huge decline in its Institutional Holdings from last quarter--a whopping 12%. That's huge. This suggests that often the selling is from Buy-Side Institutions. Goldman Sachs has a buyback program of 30 billion dollars underway, approved end of February 2023. The Buybacks started in March and have continued until recently. I showed the...
US Q2 earnings this week – Citi, JP Morgan, Bank of America, Wells Fargo, UnitedHealth This week we get the US big money centres out with earnings. The focus falls on asset quality, loan growth/contraction, net interest margins (NIM) and any commentary on the recent tightening of broad financial conditions. When we look at the companies included in the US30,...
Hey guys it’s Amir what’s up? I’ll go right into it. - GS is trading between support and resistance since October. -We have a similar double bottom like we had couple of months ago - we have a gap at the resistance and I LOVE gaps I believe they always get fill - at the 4 hour interval we have a bullish divergence Right now I’m waiting for final confirmation...
keeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential...
Company: Goldman Sachs Group, Inc. Ticker: GS Exchange: NYSE Sector: Financials Introduction: In this analysis, we are examining Goldman Sachs Group, Inc. (GS) on the NYSE, a key player in the financial sector. The weekly chart indicates a potential bullish reversal in the form of a classic Symmetrical Triangle pattern that has been forming over the past 287...
If you haven`t sold GS here: Then analyzing the options chain of GS The Goldman Sachs Group prior to the earnings report this week, I would consider purchasing the 330usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $5.55. If these options prove to be profitable prior to the earnings release, I would sell at least half...
JPM is in an uptrend since earnings the morning of July 14th at the end of the trading week. On the 1H chart with VWAP band lines anchored to a week before earnings as a dynamic support and resistance reference shows a rise from below the first standard deviation above the mean VWAP to above it with a pullback after the earnings and then a continuation at...
Goldman Sachs pivoted from a low on July 11th into a trend up until July 14th during which it pulled back. Since earnings are on July 19th, I see room now for a pre-earnings long entry. The MTF RSI indicator shows the lower TF RSI in blue reflecting the pullback while the higher TF RSI in black shows the longer trend up with the RSI holding support at 50....
The symmetrical triangle indicates buyers and sellers consolidating price into a tight range. When either the buyers or sellers exhaust, the winning side will push price in one direction violently.
With the Bank Stress Test showing positive results, here's a possible trade gameplan for GS into qEnd provided conditions are met and we have a bullish reaction to GDP + Unemployment numbers in pre-market tomorrow. The path on the 15 min chart looks messy since that's the lowest resolution I can publish, so I've included a 5 min version in the screenshot...
Looking at the AD, we see an Ascending Patterning (rising Money).. Looking for JPM to retest resistances level near both C and X leg where it sold off. Price Target is $170
BAC on the daily recently descended from an asymmetrical head and shoulders pattern near to or in the supply zone as indicated by the Luxalgo indicator down into the demand zone in late March and early May for a double bottom. Fundamentally, the banking system has been propped up by the federal central banking mechanisms and the situation seems to have...
As we can see, there was a stron selling, but right now I think is finishing and we can see a pullback to 330 area Entrance= 323.68 or above SL=315.38 TP= 330.00 Remember always using a stop loss!
After the last Price Target was reached: Now analyzing the options chain of GS Goldman Sachs prior to the earnings report this week, I would consider purchasing Calls with a 350usd strike price and an expiration date of 2023-5-19, for a premium of approximately $5.75. If these options prove to be profitable prior to the earnings release, I would sell at least...