The title says “Golden” instead of “Goldman” (Ticker: GS), but the stock performance as of late gives them the golden moniker. The stock has been a strong gainer as of late and is a starting to outperform their peers. The PROBLEM is from a technical standpoint. The good ole 200-day SMA is the key resistance level. That is where GS has stalled so far today. Now if GS can CLOSE above the 200-day SMA ($208.09) and OPENS above this level, that can be considered very bullish. Especially if immediate support comes in at the 200 day-SMA. That is the critical level to watch and we are here now. That makes GS a must watch in the near term. Not just for GS itself, but the entire sector as a whole. For the entire sector to keep moving higher, GS MUST be a part of this rally. Eyes on GS in the very near term.
Golden Sachs?
Read Similar Articles
Funder Trading Review – Best Prop Trading Firm in 2024?
If you are actively trading in the stock market in 2024, chances are you’ve heard a new buzzword flying around: Prop Trading, short for Proprietary Trading. Whether you’ve tried prop trading or not – or have even heard of it at all – its popularity is quickly growing because it provides everyday traders with a […]
Read ArticleCoach’s Roundtable: FOMC Fallout & Resilient Market Sectors
Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]
Read ArticleCoach’s Roundtable: Making Up Major Losses
Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr cover this week’s CPI report and other future events that could impact the market, along with ways […]
Read ArticleRead Similar Articles
Coach’s Roundtable: FOMC Fallout & Resilient Market Sectors
Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]
Read ArticleCoach’s Roundtable: Making Up Major Losses
Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr cover this week’s CPI report and other future events that could impact the market, along with ways […]
Read ArticleCoach’s Roundtable: Stock Market Indexes & Trading Fixes
Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr touch on the best stock market indexes to follow and common issues they notice among struggling traders. […]
Read Article