GS trade ideas
GS inside day after earningsGS has a inside day after earnings, and it's one of my favorite trade!
The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news.
What we focus on more is the direction it breaks.
If it's able to break to the upside, it means it shows great relative strength and it's still a nice long; If it breaks to the downside, then it will pretty much be a short-term trade as I am not bearish with the stocks yet.
Also, there is a potential bat pattern entry
I drew this kind of pattern several times as it can give different strategy depending on different kinds of scenario, so I have a clear mindset to deal with the unpredictable market movement.
Tombstone doji & Long day (black or red)on max chart and YTD charts respectively | near resistance and all-time high| both alluding to bearish to extreme bearish reversal | PUT LEAP
Goldman Sachs: QuestionableThe current consolidation occurs with in the primary uptrend. Normally we would be quite bullish on such a stock, but the current flat correction is taking too long for comfort. Earlier attempts to make a push higher have not succeeded and the lack of demand while the broader market is flirting with new highs does not match the trend phase.
With considerable scepticism and caution we look to the upside as long as 210 holds as critical support. Buying is only justifiable when the trigger at 230.90 is taken out. Target then comes in at 264.50 with 250 being intermediate resistance.
Nice update on GSHIt my target now waiting to get out on MONDAY some nice gains, can let it ride
upwards towards 2nd targt but might not do that .....
Entry above 236 Now waiting for an entry above 236....
Currently stock moving sideways, could be setting up for some nice accumulation.
waiting for a nice break out.
Goldman Sachs Teetering, Waiting to Fall. Hard. Price range has had very low movement for weeks. Goldman itself has the equivalent value of trash right now but has refused to move down. Only a matter of time. Finally gave in and got it short. I can wait.
GS(daily chart). Retest of trend line, at resistance.Retest of trend line.
50 - 200 sma.
Possible Shark, Wolfe Wave.
GOLD MAN SACHS DAILY CHART SETUP Sell Setup :)
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