Sunday, February 28, 2010

Goldman Sachs Group Inc (GS) analysis

Goldman Sachs Group, Inc (GS) weekly chart analysis
Whether the stock is cheap or expensive is irrelevant. There must be a catalyst that will make it move.
1) Do we all see an inverted head and shoulder pattern ? (If true, Goldman could rise to $350 ?).
2) Do we have a clear ABC pattern ? Yes, if "B" level really holds !
3) Focus next week on that "last support level"
4) If GS breaks out above $170, the head and shoulder pattern will be activated !
5) Neckline is quite clear, it confirms "A" and "C", our real main triggers.
Gut feeling ? Expect to see Goldman come out as a real winner after this crisis.

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