I don't really have much technical analysis support for this trade. This one is basically all fundamental:
GS just reported earnings, and they took a bunch of charges, which made 3Q2023 a lot worse than 3Q2022. They did, however, still beat estimates.
It looks to me like GS is finally getting out of a lot of the headwinds they had over the past couple of years:
...
Goldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support.
This is not a recommendation to trade. Do your own research and decide on your own trades.
Expecting GS to trade lower in the future.
Similar trade setups accross most banking stocks - US and EU.
Looks braking down from its +500Day trading range.
The above 2-week chart informs us price action has confirmed a reliable bearish pattern known as the bear-flag. The pattern is reliable in identifying price action targets as measured from the peak of price action to the first support known as the flagpole.
The flagpole is now used to measure the target from the area where price action breaks out of the upward...
There is a pole and a structure that slopes against the most current trend.
Price has broken down from the structure but has hit a support zone and is up a bit today.
Some would take the pole using the magnet ad project it up or down from the flag to get a guesstimate of targets. This is a neutral pattern until clearly broken and the definition of clearly broken...
NYSE:GS has had a sudden huge decline in its Institutional Holdings from last quarter--a whopping 12%. That's huge. This suggests that often the selling is from Buy-Side Institutions.
Goldman Sachs has a buyback program of 30 billion dollars underway, approved end of February 2023. The Buybacks started in March and have continued until recently. I showed the...
A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive swing to resistance.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/17 BMO
Quarter:...
As the #3 most heavily weighted stock for the TVC:DJI , NYSE:GS was one of the drivers behind the run down this week.
In February, a buyback program of 30 billion was approved. Buybacks probably commenced in March and have been boosting the price up within the trading range until recently. It may be that the buyback money has been depleted.
Goldman Sachs...
I wanted to post an analysis on GS but can't figure out on the fourth wave pattern of the third wave extension until recently when I saw a contracting triangle pattern forming. It's very common to see triangle in corrective fourth wave. not so in second wave. A decisive breakout above the resistance trendline of the contracting triangle will indicate the rally of...
Large and loose triangle. Tight triangles perform best.
Top line slopes down and bottom line slopes up.
Neutral until broken.
Engulfing candle today but this is a bad market day. This candle needs confirmation.
No recommendation
This Triangle is long and kind of narrow on daily and is better seen on weekly.
It is hard to calculate targets for a Symmetrical Triangle as some would calculate the targets from the point of the break and this one is not broken.
Top line slopes down and bottom line slopes up.
This pattern is neutral until broken.
No recommendation.
Hey guys it’s Amir what’s up?
I’ll go right into it.
- GS is trading between support and resistance since October.
-We have a similar double bottom like we had couple of months ago
- we have a gap at the resistance and I LOVE gaps I believe they always get fill
- at the 4 hour interval we have a bullish divergence
Right now I’m waiting for final confirmation...
keeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential...
GS has been increasing for some time.
The price bounced from the upsloping line so it´s a good time to enter the long position.
Our estimated target is 379.8 $.
Invalidation of this trading idea would be if the price closes under the upsloping line.
Good luck!
Buy Alert on GS 15 March - Bull Debit Spread + Double Put Spread
(Read Carefully we are buyign 1 Put and sell 2)
Trading range $ 261.43 to $ 464.46
1: Buy 1 Call Option for 15 Mar for $ 400 and Sell 1 Call for $ 420
2: Buy 1 Put for 15 Mar $ 240 and Sell 2 Put for $ 215
Net Debit $ 0.78 Cent
Our pivot point stands at 331.
Our preference
The downside...
Goldman Sachs is currently consolidating between $328 resistance and $318 support. A breakout of either level would provide further trading opportunities. Specifically, a daily close above $328 may extend this recent rebound towards the $335.69 level while a daily close below $318 support may drag prices towards the $312.48 support.
Goldman Sachs is another one of those stocks that's traded like a can of dog food for a very long period of time that the masses are really drawn to, much like Target, Disney, and Paypal, of which you can find calls for that I've made in the linked section below.
GS is relatively significant in that it's one of the 30 components of the Dow, which is one of the...
