As we can see, there was a stron selling, but right now I think is finishing and we can see a pullback to 330 area
Entrance= 323.68 or above
SL=315.38
TP= 330.00
Remember always using a stop loss!
This trend from last year's "MAY"(2022) follows a perfect support pattern at the above-mentioned levels. We can also notice the Head and shoulder pattern formed here.
Now, after forming the H&S pattern, it has again retested the support quickly which means that there is a high probability that it is gonna be "bearish". If it falls the below the support...
With the banking crisis, while the smaller banks are getting hammered, keep an eye on the larger ones too. I would start a short under 325 with intial targets of 320 and if 319 breaks then the neckline of 305.
GS bear flag formation and double top pattern, with a clear RSI bearish divergence in formation.
Goldman Sachs has been making a series of higher lows on the 2H time frame and had shown no sign of weakness. However, after the recent failure of First Republic Bank, FRC, the spotlight is back on the banking sector. FRC assets were sized by the FDIC the past week...
The PEAD projected a bullish outlook for NYSE:GS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
GOLDMAN SACHS is in a bullish trend as it is printing higher highs and higher lows. with the price entry near the trendline and the Fibonacci number 0.38 is the same.
looking for price action to stay within the 2020 trendline and rise from C wave to D leg, at that time many will think of selling, but its building a nice base. this is actually a bull flag in disguise.
Caution: There is a Rising Wedge at 240ish that has not been broken so it is not valid.
Rising wedge are bearish but price is well above it at this time.
M pattern that terminated at the .886. Peak 2 is lower than peak 1.
Price is trying to bust through the .382 fib level today.
Price is at a horizontal Resistance level today.
Targets are above resistance...
After the last Price Target was reached:
Now analyzing the options chain of GS Goldman Sachs prior to the earnings report this week, I would consider purchasing
Calls with a 350usd strike price and an expiration date of 2023-5-19, for a premium of approximately $5.75.
If these options prove to be profitable prior to the earnings release, I would sell at least...
The Trend was Bearish then i noticed Divergence, then the Trend start making Higher Highs and Lows. Took the Entry at 318 and the share price is still moving towards it's Target Price.
NYSE:GS
GOLDMAN Sachs GS Daily is looking at a BULLISH Reversal . Here Harmonics Bat Pattern is followed by a series of HH and HL. Buy stop Order at the break of last HH will be the way to go. R:R is 1:1 at least.
Trading Goldman Sachs (GS) using Harmonics Bullish Reversal Pattern.
Entry once price cross up point B @336.47
Stop Loss is below point D @301.48
TP1 372.61
TP2 407.58
Point to notice is Potential Reversal Zone at point D, once trend changes and Higher Highs and Highs and Higher Lows are printed use Buy stop order above point B.
There is a clear divergence at...
$GS is approaching a bullish cross on the fast EMAs.
On the long run, there is positive price action while that lower high shows kind of weakness on the short run.
I would have loved nothing more than a total collapse of this one. I shorted this one many times last year, but alas the guys in New York got bailed again.
There is a WXY channel within a larger B of an Elliot flat. We are due to start the Y soon. Hidden momentum divergence, confirmed by a volume one, thus there is something there on the divergence level as...
Next Support and Resistance Area for $GS
Identified on the chart the next possible Support and Resistance, where the price will exit this trading range.
