The Goldman Sachs stock price has been a stellar performer and market leader since the November 2008 lows, 9 months ago. Now, GS poked the upper band of its TCZ Fib cluster zone that I've marked on the weekly chart. It's a high-probability zone for reversal ... but will it? Only a brief poke above is permitted so I think going to another new high would invalidate that zone. There's some negative divergence on the daily chart now. If GS weakens from here, there's support in the area $135/140. Then again, it might be consolidating before another push up - but, above is resistance at $201. The .618 retrace back to its 2007 high is $171, so that's interesting if it can poke a little higher to test. The default P&F shows a revised bullish forecast to about $225, if it gets above $170 and past $201. And then, that all-time high is $247.
It goes without saying it's got to make a new high, to prove it can get to higher levels. The concern is that it's topped a B wave of its own, and must go down to new lows in a wave C. So based on the Fibonacci levels and likely wave pattern, it's going to be either the best of times - or the worst of times.
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