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GS

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.
NYSE:GSLong
by Trader_Joe_Lee
GS Long from 205.50-204.50After GS top of 255 This Winter, It now approaches a critical target price of 205$. Today it trades at 213$ a share. GS is a buy at 205-204, however, if it slips below 200 and holds at 199-198, then we will likely see a decline of at least another 15 points, likely finding a bottom around 185 or 178. IF it does not find a bottom even at 178, we will likely see another decline, this time toward 155 or 150 dollars a share. These are the options for price bottoms right now.
NYSE:GS
by davesp1903
Something DifferentI don't usually trade equities, but a fellow trader told me to take a look at the Goldman Sachs chart... Price is currently consolidating near the 10 year high of $250.70, after a huge bullish run in the second half of 2016. For me, what I'd be looking for now is a break & retest of this $10 channel, with targets around $218.00 and $200.00 (good psychological level), which would profit between $19 and $37/share. The icing on the cake for me was a quick look at the RSI, which shows clear bearish divergence on both the daily and 4H chart..... IF we do in fact see the breakout, it could happen within the next few days, or next week Tuesday when earnings comes out, which is estimated to be worse than last quarter. **Full Disclosure : Even if this setup works out in the end, I probably wont be trading it, just a first glance analysis.**
NYSE:GSShort
by jonathanwright