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Goldman Sachs Group, Inc.Goldman Sachs Group, Inc.Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc.

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GOS trade ideas

Short $GS Goldman has been trying to work out of the funk that it landed in during the January selloff. It saw a nice earnings pop. Each number on the chart corresponds with a number here 1. First attempt to breakout into new highs and hold price above the 200 day MA 2. After another month or so of consolidation there is another, stronger, push to break to 200 day MA. Also unsuccessful. 3. Price then breaks the 50 day MA and then retest. If there was any buyers left waiting to push above the 200 day then the 50 day should've been easy to break. 4. New lows to fill the gap from the earnings gap in Jan 5. Right now we are attempting to test the 50 day again, and its not looking good. The last 6 days have all tested the 50 day with today, I believe, being the last attempt. Price was rejected and there is a pretty substantial wick to the downside. I'll go short tomorrow morning with a stop above the 50 day MA and I'll turn my position full size once the price drops below the lowest point of today's candle.
NYSE:GSShort
by gingerheadtrader
Goldman Sachs Rising Wedge Pattern Below The Resistance LevelAs we can see on the Daily chart the price keep moving to the downside we have a double top with a break confirmation causes a huge drop into 155.0, huge continuation to the upside into the previous low the price touched and reject each times to turns the previous support into a new resistance level with crossing the 200 MA then the price drop again and reject from the 0.50 fib level the price could push higher again into the resistance before drop again as a sign to short we are waiting a breakout confirmation of the lower low of the rising wedge patter
NYSE:GS
by oussamaelgadoum
Goldman Sachs moving in the bearish directionAfter a rather sharp and long bearish move, which we said it is going to happen in our previous Goldman Sachs analysis, we can see that the price is forming a small bullish corrective wave, as the price got oversold after the latest bearish leg. Waiting for the price to make a breakout below the indicated yellow line, then expecting a move to the blue support/resistance area. Another bullish bounce will probably form there and then the price should go lower. Feel free to grab a copy of our Free Weekly Market Outlook here: mailchi.mp For more content follow us on Instagram and Facebook: www.instagram.com www.facebook.com We wish you good luck with your trading!
NYSE:GSShort
by JureKrasovic
GS going for a bearish or bullish move?The stock has made a rather large bearish move, that has closed beneath the support/resistance line. It has reversed and made a smaller bullish move and is now at the previously mentioned support/resistance line. We are expecting the price to bounce of this line and make another bearish move. If we see a breakout to the bullish side, we are waiting for the confirmation of the bullish move, and the entering a long position. On the four hour chart we can see, that the price has recently broken the support/resistance line, that could indicate a smaller bullish move if we see a confirmation of the breakout. Feel free to pick up a copy of our Free Weekly Market Outlook here: mailchi.mp We wish you good luck with your trading!
NYSE:GS
by JureKrasovic