Over the next few days, buy/sell signals will be flashing for the Goldman. The chart set up is very interesting, and the next few days will be telling.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitkcqd70UpB9Y-WorUTJSqS5122lko_JoAMdv-Kjw_DU7mW-b7K4JyOZGJ9OHZU6f9khokGFf8G81Vf43IX7aLkMLWorcyKcKLJbUKwSNx4XLzqRBZfQ5qyVufkrESNlviX4VYynuidzE/s400/sc-1.png)
The negative trend, and lifeless lingering, of the last two months looks to be breaking.
Its no surprise that I have been bullish on the name. Now that FinReg is completed and certainty creeping into the minds of traders, the set up may lead GS to test the high 150s.
I will look to sell around 156, as per the weekly, this is the first SMA resistance.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipjFZ8q2YAdRBsFRjXMhnNIDOx7l-5PFb1OiDXJ583sFnaly7-HH8UymLhOCOUbTdic2ylaOIZZof5KtLvUZDrscqxmwy2bLnqJQgsB5j1Vony5rl_aoKfeoxsf8-ObrkqZBtbMUhsvTQ/s400/sc.png)
(Although, if feeling very aggressive, the upper range of 170ish is a possibility.)
No comments:
Post a Comment