GS7213.gif

content.screencast.com/use...b9/GS7213.gif

GS Daily Chart

Goldman is ready to plunge. Couldn't happen to a nicer group of guys.

Notice Goldman went on to make new highs in June, but fell hard in the late June selloff, breaking down out of its 2 year rising wedge. It has since backtested the breakdown, fallen back, and it perched to test the gravity below.

Image added from content.screencast.com/use...b9/GS7213.gif

Comments

daButcher

you draw messy lines.....;) 7/2/13

Billy Ray

Not trying to go all Rosa on ya,but if you draw the lower trend line off the re-test low end of July 2012, you could argue it's still in the channel, no? 7/2/13

...

Actions

Tweet
Facebook

Stacks

My Charts
GS

Posted

By: TNRevolution
On: 7/2/13 4:51PM

Statistics

Viewed by 21 SocialTraders
No ratings yet