Goldman Sachs trades laterally on both long term and short term basis. On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations. On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st...
Goldman Sachs tested 189.46 last week, but failed to remain above that level. This level is critical as it suggest an inversion, with 200.10 as an objective, 194.90 being the primary objective. Opening above 185.27, and breaching 191.75 will suggest an uptrend with 194.9 as a primary objective. Opening under 185.27, while cutting through 183.32 will throw back...
Looks nice on the daily. Not really following the "whole market" Waiting on the pul back
$BAC's setup reached my final target level with a 10% decline in the stock's price. Now the price reached the bottom of previous Triangle pattern. That trend line is what separates between BAC and it's weekly 200 SMA line. Weekly uptrend line is this week's focus
GS has been nesting for a big move down according to the wave count The last leg down from $208 marked (b) on the chart has completed. Looking for wave x @$206.50 to hold price to the upside, As we move lower in the second leg of a double correction to take out lows towards $195 Breach of upper trendline invalidates count
Nice morning star reversal on a weekly chart. Good gaps as well. This stock WILL take it's time.
OBV has been increasing for 2 years. Next resistance test around 235.
A sector that can correct down to 24.50 and still be in a healthy uptrend. Similarly for $GS to 200, $C, $WFC, etc. So if transports contribute to weakness, by no means am predicting big correction as long as financials, industrials, etc. show strength.
5/14/15: Watch for Dbl Top/rollover. Potential Evening Star Reversal. $0.20 limit BCS May Wk 4.
If Price Closes within the range, The Pain could be closer to $100M, in Options Premium. If it breaks Lower limit, there will be a quick rally, because of option defenders. Similar to the linked post. This particular setup I look for is hard to find. So far I do not have a scan. Would be awesome if one exists. GL folks
We got a correction candle, but Financial astrology alerts that at 191.85 there is a strong resistance , only basing above that level it will continue to ran up..
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"?
Rsi oversold, structior great pull back into a already shown channel