I’ve been watching Goldman Sachs (GS) closely as a barometer for financial stocks and thus the broader market for some time now, and the stock faces a critical area to overcome to continue on its upward trajectory.
Let’s take a look at Goldman Sachs’ daily chart to note the overhead EMA resistance that is bearing down to form a potential Bearish Cradle Sell Signal.
Goldman Sachs (GS) – a leading and bellwether financial company – definitively cracked under its important 50 day exponential moving average support today, triggering a classic sell signal. Let’s see Goldman’s Daily and Weekly chart and see what areas to watch below for support.
Goldman Sachs (GS) is coming into Fibonacci resistance on a negative momentum divergence. Let’s look at this current development as well as learn a few lessons – such as a clear “Three Push” example – on its daily chart. (Click for larger image) First, let’s look at the “Three Push Reversal” pattern that formed on…
With all eyes being focused on the Financial Sector, I thought it would be helpful to key-in on four key financial stocks and look at their daily chart: Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), and Goldman Sachs (GS). Let’s hit the high-points on each one. Bank of America (BAC): Bank of America…
Goldman Sachs (GS) has been on many trader’s radars because it has shown relative strength over the Financial Sector (XLF) and the broader S&P 500 since its November lows. Let’s take a look at GS on the weekly chart (using two possible Elliott Wave Counts) and then at the Daily Chart, where we see a…
Goldman Sachs (GS) reported earnings that beat expectations, yet the stock completed a classic “Gap Fade” as I suspected it might. Let’s take a snapshot of today’s action so far. The one-minute chart shows the gap-fade trade clearly, such that instead of BUYING when the earnings news was reported early this morning, your best trade…
Financial giant Goldman Sachs (GS) reports earnings tomorrow, and while they’re expected to report lower profits, investors see a silver lining in the earning reports, and have been bidding the stock higher. What could happen tomorrow? Let’s take a three-timeframe view of the stock before earnings, starting with the 15-minute chart, which reflects the ‘bid-up’…