Goldman Sachs Group, Inc. (The)
Long
Updated

Goldman is a good buy

165
The whole financial sector looks too risky for me with the fed halting interest rate hikes and stopping QT. GS is the exception.. and maybe AMTD.

  • Fib loves support at $170 12/31-1/14
  • Retested support at $190
  • If it can punch through $203 (resistance) I think this thing is mooning to $210
  • At the very least this is a safe trade to $203 because it has to retest that resistance


  • Moving avg bullish
  • Bullish volume because of that earnings beat on 1/14
  • EPS Est $4.45
  • EPS Actual $6.05 – +35% beat
  • Weekly MACD looks VERY bullish


Got in yesterday at $192.10
snapshot
Trade closed: target reached
Closed position with small profits.

Spooked out. I think when the bull run ends the financials will be the first to tumble.

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