GSGS - symmetrical triangle right over the 200EMa. Odds towards a bearish breakdown with the dropping stoch, volume and close to a MACD cross
Trade ideas
GS LONGStarting to curve up. Based on the RSI and MACD indicators I predict it will continue to climb past the oversold line and continue to climb for the rest of the week.
Long the BanksSPY looks to have regained its bullish edge over QQQ in the near-term, I expect banks to lead the pack on the breakout / short squeeze.
Not too late to sell GSThe 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.
GS-BIG STORY TO THINKGOLDMAN FUNDAMENTALS:
-Price/Book 1.0X
-Market Cap $ 76.4B
-Total Debt $ 398.0B???????????????
-Cash $ 530.0B
So why GOLDMAN not covering big DEBT
They want FED to inflate it???
OR they bougt CHEAP money and sold them at HIGHER rate? What is ur thoughts friends?????????????
GSFor those who think the rotation will stick. Might be worth a shot here poked above a S/R levl. Sights on the range high.
Monthly chart Maybe rounding out here as banks have many headwinds in the near and further future. Won't be back to the glory days. Same amount of assets as 07.
Goldman Sachs Technical Analysis - HoldTechnical Analysis:
Trendline has been violated showing a weakness signal (it might be due to the negative news around this stock).
The idea is to hold before going long again. Prices might keep going down up to 180 USD forming a new support level before going up.
Fundamental Analysis:
Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal.
Technical Analysis and Fundamental analysis might suggest to hold for now before going long.
The idea is to invest in the trend direction, but because the trendline has been violated and the fundamental analysis might impact negatively to the stock, there might be a possibility that price can retrace for a while before going long again.
GS Goldman - Where is it heading?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 would be: 219-225 areas.
Go through lower time frames once direction is confirmed, you could even add alerts to your charts or if you're feeling very confident add orders in.
Enjoy - have a great weekend.
GOLDMAN SACHS - Sell Opportunity - Target Remains @ $190Today we managed to break and hold below the 200 MA on the daily time-frame.
Target remains at $190
Goldman Sachs $GS SELLTechnically bearish
Q2 Earnings very short lived
Struggles to hold above 200 SMA
Stock pared its gains since the report
Weekly candle made lower low.
Further downside is warranted.
Near-term Short Target $190
