May 13, 2012

Goldman Sachs Weekend Update

  • GS continue to look weak as price trades below 200 SMA and closed below Golden ratio.
  • Price is falling from a head and shoulders pattern which may target 96 levels.
  • Staying below Golden ratio price may target 78.6% Fib level.
  • Weekly chart sows price below 20 week SMA. If the previous trend is to continue price may test 84 levels and break below it to give a trending down move.

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