My take using cross session analysis. On the 4 hr time frame price has hit equilibrium and the bullish run has begun.
There are two positions we are either in The white rectangle which is the beginning of a rejection pattern along the circle, or a green circle which is a bullish pattern that finds support on the circle I am leaning more towards the green circle position (bullish state) due to the position price being quite highly above the circle and it is more comparable to the...
In the is update we review the recent price action in Goldman Sachs and identify the next high probability trading strategy and price objectives to target
THE bearish market is start for down side in this day
Immediate targets 344, 325, 301. Invalidation 467. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
My view of what is just ahead is a 5th and finally wave up before the market as a whole is setup to break
Goldman Sachs Group, Inc. ( NYSE:GS ) Sector: Finance (Investment Banks/Brokers) Current Price: $406.07 Breakout price trigger: $405.00(hold above) Buy Zone (Top/Bottom Range): $396.75-$379.00 Price Target: $419.30-$421.60 (1st), $465.00-$467.40 (2nd) Estimated Duration to Target: 19-21d (1st), 123-130d (2nd) Contract of Interest: $GS 11/19/21 410c, $GS 1/21/22...
Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some...
First position very small. Will be adding to idea as plays out as currently the 10 years are not in my favour. Lets wait and see with this one. Looks nice, but not the best short term fundamentals. Long term bullish on silver anyways due to fundamental uses.
AS YOU CAN SEE C WAVE OF SECONDARY ABC CORRECTION LOOKS COMPLETE. I CAN EXPECT PRICE TO COME TO DOWNSIDE TO COMPLETE BIGGER PRIMARY CORRECTION PATTERN. YOU CAN LOOK FOR SELL SETUPS ON LOWER TIME FRAME FOR BETTER ENTRY. Take care & Thanks.
GS is going through the correction. This should be a good opportunity to open LONG TERM positions for HOLDERS. ENTRY LEVELS LONG: $264 $252 $222 - STRONG BUY
Open short position at GS from 300$ to target price 285$ it's 5% gain, with stop 310$. Reasons - momentum valuation, banks overvalued Look previous GS deal below short 260$ to 250$.
Buy from current and 7.60, stop 7.29, target - 9.41
We see a sell here but need to manage the position with a tight stop loss just over the resistance level (elections usually cause the prices to rise). Fundamentally, these are not happy times for banks.
The word is out Buffet liquidated his GS position which is not particularly 'bad' for GS. Buffet injected $5bln into a weakened GS in 2008 with some significant conditions... one of which GS execs could not sell stock against Buffet's position :) :) :). That said, GS is still a decent short with initial potential down to about $192.
We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...! Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas...
Today we managed to break and hold below the 200 MA on the daily time-frame. Target remains at $190
Today marks the announcement of Goldman Sachs earnings. Some scenarios I could see happening