Will Goldman Sachs ever break out?

Posted on December 16, 2013 by Stock Trade Journal

Goldman Sachs (GS) is trying to break out today again. It keeps failing around $172 but the charts show high probability it will succeed. In addition to the wedge, there is an inverse head and shoulders pattern that formed in the past few days. That combined with the break of the long term down trend gives the break a high probability. Being patient here though and waiting for the break to be confirmed.

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.
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