GS is currently trending down until the highs on the chart are gained.
Very well respected fib on the chart. Here is the fib zoomed out -
I wouldn't be surprised if the gap was filled or the 786 was tested for support.
If the 0.618 is broken then a move to the 0.5 or 0.382 is on the cards.
GS breaks out of a flag, with a gap, and heavy amount of Doji's on the the Heikin Ashi signal that market consolidates on GS. Also, Snap and Micron breakout helped bolster bullish market sentiment for GS. MACD shows consolidation after GS most recent earnings. Heavy consolidation right below 61% fib line and more institutional investors consolidated at 50% shown...
GS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.
The Goldman Sachs Group, Inc. is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment consists of financial advisory and underwriting. The Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. The investing and lending activities, which are typically longer-term, include its investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, infrastructure and real estate. The Investment Management segment provides investment and wealth advisory services. As of December 2016, it had offices in over 30 countries.
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GS
