Short Goldman Sachs! Overbought AF! RSI overbought too 88.6 Fib level on the daily/Weekly Gaps up in the markets that are potentially going to get filled. Just look at Google before and after $800
CITI BANK IS ALSO A SHORT CANDIDATE FOR BANKRUPTCY. DON'T KEEPA NY HOPE AND IF YOU ARE BANKING WITH THEM CLOSE THE ACCOUNTS.
In 200 it peaked then in 2007 it peaked again and now in 2015 it peaked. But all the time it went high it made lower lows in historical prices trend. The support is near $10-$10 but when it penetrates guess what? -all the hell will break loose. There are couple of ways to stop it. Stock reverse split, bail out or short ban or buy out. But the problem is when other...
Stock up 10 $ as wave 5 as I mentioned last time. Currently stock is overbought and could see decline to 156 $ or around as correction wave. Other option is to break the resistance and continue to higher price. Coming days will approve one of options.
Daily chart shows – Breach of rising trend line Bearish price RSI divergence Money flow index turning lower from overbought territory Prices could test long-term falling trend line support (earlier resistance) now seen at 162.50 levels. A daily close below the same would confirm trend reversal and open doors for a drop to 50-DMA. On the higher...
According to Elliott wave count, GS is about to advance one last time as wave V to complete the correction wave. As option trader I think there is opportunity to buy some calls when price close above trendline, and SL is near the latest valley. Target is 168$. Good luck. Remember, this is short term position and the target could be reached in few days or hours.
Goldman Sachs on July FOMC Decision : - The run of positive economic news in recent weeks has coincided with generally dovish comments from Fed offcials. Policymakers have indicated that they are not âbehind the curveâ, and have expressed increased uncertainty about the neutral level of interest rates. We would treat recent comments with caution, however,...
Time to watch for Goldman Sachs. Trend line from 2009 is a very strong resistance. But guess what? Once the trend line has been breached you are the new Goldman if you know how to play. Get ready for some good options strategy. I would like to see little bit new high/high before go short. Also this is a monthly chart so better to see how the daily chart or weekly...
EVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after...
Goldman has topped earnings expectations. CEO Lloyd Blankfein said the firm did well across all of its businesses, despite the uncertainty created by Britain's vote to leave the European Union. Results highlight Earnings per share of $3.72 and Revenue of $7.932 billion. Analysts were expecting earnings of $3 a share on revenue of $7.581 billion, according to a...
On 19th there will be some volatility from the Earnings and we might see these movements.
If BEARS are unable to break resistance prices will likely trade higher into the upper trend line of the descending channel before trading lower as DISTRIBUTION continues. There is no sign of a selling climax so my bias is that it does continue lower
So I posted this chart a couple of weeks back but the 5th wave ended at 162. Again I will never be one that only posts things that are perfect because that is not what trading is about. Really have to watch things being that the financials are still looking weak after earnings. Keep watching here....
With the Federal Reserve finally raising interest rates and risk sentiment entering the market, there is potential for a bullish break of a falling wedge.