I published this charts a few weeks ago and it appears the the stock is right at the target area for the end of a wave 3.
Lets see what happens. Would consider a short here if we confirm this area over the next few days.
Between 125-123 is a buy. The price fell on light volume, so in dips is opportunity to buy. Before it breaks 120 will see 130. FC drama is giving us opportunity to buy into earning so we sell right before earning. Trade less, save more!
Here we have a long term and a short term FIB. retracements.The last signal was an ideal long opportunity.Since then we had all green candles.Now we are at a DUAL FIB levels and the current candle is looking positive.Next target is at 126.92 which also happens to be a resistance level.
From a technical perspective, there is alot to like for the long side to this chart. A typical bullish breakout setup is forming on the long term, and GS is positioned to benefit from any continued strength in the market, from a fundamental perspective.
On the short side, there is a definite pattern for some very nice short term profitable trades even within the...
It appears to me that GS is running up into heavy resistance from the mountain of sellers over the $110 level and into the GAP supply zone where GS slid from 108 to 102 on aggressive selling this spring.
The rally appears to be forming a persuasive-pattern where plenty of new highs and smaller reactions creates the illusion of plenty of strength. The strength is...
The mood created by this pattern is one normally associated with euphoria. Each sharp break leads to a new high and each sharp break is a little less than the previous. The net result is that the buyers have pushed the stock up to an unsustainable price that once it stops, it trips stops and then triggers a sharp decline to the bottom of the triangle formation. ...
