Tag: GS

CFD Trading – Buy Recommendation On Goldman Sachs (GS.NYS)

Nicholas

Goldman Sachs Group Inc. Stock Code GS.NYS
Buy at $202.20. Stop at $181.20 and target at $247.20

Outlook
Price broke above the cloud on 26 May 2020 and has been above the cloud since that breakout. Following that breakout,  price has risen to a high of $222.98. Price went into a correction after this high but managed to stay above the above during the correction process. Conversion and Base lines had a bearish crossover earlier and both lines have not had a bullish crossover as yet. Price is currently caught between the Conversion and Base lines. Price was supported by the Conversion line but was capped by the Base line. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bullish and we could see a bullish crossover soon, hinting of a bullish trend ahead. Both of MACD lines are above the zero line as well. Going by the Ichimoku N price projection, with the rally from $164.33 to $222.98, and the base at $188.50, we have a price target of $247.15, which is close to the high of $247.40 achieved on the 17 Jan 2020.

Strategy
$202.20              Buy
$247.20              Price Target
$181.20              Risk Management Stop
3 weeks Trade Duration

CFD Trading – DTE Energy & Goldman Sachs

Nicholas

DTE Energy Company Stock Code DTE.NYS

Outlook
Price declined after reaching a high at $134.37 and broke a recent low at $127.03 again yesterday. The first time it broke below $127.03, the pullback was capped by the cloud resistance. This second break looked stronger. Price broke down with a larger than usual red candle and closed below the important support and neckline, triggering an Ichimoku V price projection target at $119.83. Fibonacci 50% correction point of the rally from $107.40 to high at $134.37 comes in at $120.73. MACD is bearish with both its lines below the zero line. MACD is also trending lower.

Strategy
$126.90              Short Sell
$120.00              Price Target
$129.90              Risk Management Stop
3 weeks              Trade Duration

Goldman Sachs Group INC Stock Code GS.NYS

Outlook
Price moved above cloud two days ago and yesterday, it move further away from the cloud, confirming the bullish breakout. The bullish trend is confirmed by a bullish crossover between the Conversion and Base lines a few days earlier. MACD is bullish with both the indicator’s lines above the zero line. MACD is also turning up with its histograms increasing in size. Price could be heading to the higher to the previous resistance around $222. Going by an Ichimoku V price projection, price can go higher to $234.

Strategy
$217.00              Buy
$234.00              Price Target
$209.90              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – McDonalds & Goldman Sachs Group

Nicholas

McDonalds Corporation Stock Code MCD.NYS

Outlook
Price broke below the cloud 2 days ago and yesterday, price broke below the recent low of $207.40. Base and Conversion lines had a bearish crossover earlier but Lagging Span is still in the cloud, unable to confirm the bearish trend. MACD is bearish and had a bearish crossover below the zero line. This could be a hint of further price declines. Using a V price forecasting technique, we get a price objective of $199.00. Using the N price projection, the price target is at $202.16. There was also a previous low support at $200. We think price is likely to decline lower to the support zone of $202 to $199.

Strategy
$207.40              Short Sell
$200.10              Price Target
$213.40              Risk Management Stop
3 weeks              Trade Duration

Goldman Sachs Group Inc Stock Code GS.NYS

Outlook
Price has moved below the cloud and closed below the cloud 2 days ago and yesterday, a full candlestick was below the cloud. The bearish trend was confirmed by the bearish crossover of the Conversion and Base lines and Lagging Span below the cloud and price. MACD is currently moving down but still bullish at the moment. The first support lies at $193.80 but we think price can go lower to the gap support at $186.00, given that momentum is only at the beginning stage of the decline

Strategy
$200.00              Short Sell
$186.00              Price Target
$207.60              Risk Management Stop
3 weeks              Trade Duration