Goldman Sachs (GS) has been in a trading range since May. The trend is still up. A decisive break above $169.50 could take this stock to $195 easily. Patience is key in these cases because the market is showing signs of weakness. If the market sells off, it could take all stocks down with it. Patience!
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GS Daily Chart
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GS Weekly Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
