GSD trade ideas
GSI knew that old h&s neckline would be trouble but I never would have guessed it would be gap open below my first target to close on the 2nd target the very next day type of trouble. Based on the price action today (super consistent, steady selling), I wouldn't be surprised to see $185 as early as tomorrow. Unfortunately closed all positions early this afternoon like an idiot. Anticipated a bounce to reload but never got it. Oh well.
A boring 18 month counter-trend experiment with Dow StocksThe selloff appeared to have reached a recent low defined by liquidation, high anxiety,
hitting potential short to medium term lows by 2:30 PM on March 23, 2020.
For the longer term position trader who would be no different than a long term investor in large cap companies, The prices for the week ended March 25, 2020, may have been an opportune window of entry given the levels of volatility and broad liquidation across most asset classes.
positions were taken by the close of March 24 and March 25, 2020, Q1 2020
A small selection of Dow Dividend giants was chosen for this experiment in counter trend positions,
which will be concluded in 18 months, or about September 2021, the end of Q3 2021
These will be the beneficiary of any recovery effort which will take time to unfold
if there is a systemic risk, it would be seen last among the largest enterprises,
Disney's recent 1 yr credit financing hints that the large incumbents may succeed as both speculative positions and investments
The lineup includes:
Home Depot
Intel
Microsoft
American Express
Visa
Goldman Sachs
Apple
Disney
3M
PAY of GOLDMAN SACHS GROUPHey people, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. if golman sachs does not pass the middle of the range it may break from above.
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Goldman Sachs Maybe On The Selling Mode On CorrectionsGoldman Sachs stock price now on corrections on the daily timeframe & may face another phase of bear if the price is rejected at the bearish order candle at 193.44.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GOLDMAN SACHS D1Goldman Sachs shares have good prospects for growth. The banking sector, like many companies with the outbreak of the pandemic, made a big drop. Now the shares of this bank, which is one of the largest banks in the world, are beginning to moderate growth. The quarantine period in many countries begins to lift restrictions. And this fact allows the business to begin to show little activity, which affects the banking sector, which will continue lending to the business. Moreover, many companies will need loans because of long quarantine vacations. Business activity will increase, which will lead to even greater turnover in the financial sector and will give banks high returns.
GS taking it to the banksBulls had it at the start last week but bears turned what could have been and inside up week into another bearish inverted hammer. If we close below 173 for the next weekly candle we are looking at a drop to the lows around $130 soon after and then the plummet could continue to the $90's by the end of the year.
That being said if we break up, above $195ish, expect to be at new all time highs soon.
