By: Scott Redler
After a series of buy set-ups in Goldman over the last month, today is the day to start to lighten up and take some profits. I trade Goldman Sachs often because it trades very well on a technical basis. In this instance, I put a calculated plan together starting July 13th on how you can also make money trading it with us.
July 13th the pattern was a descending channel that we bought at 138.50, a great technical set up. This was our first CORE ENTRY.
On July 29 the stock consolidated and formed a perfect bull flag. This was our momentum entry around 148.50-149.50.
If you didn’t take advantage, then use these patterns as a learning tool. If you stayed the course on this trade, give yourself a pat on the back. Here is the chart from today:
I was also on CNBC twice talking about how viewers can also profit from this strategic set-up.
Here is from June 21st.
Here is from June 24th.
