By: Scott Redler
Goldman Sachs has been a laggard of this market for months. We’ve traded it both long and short depending on the price action and range. Goldman will now be testing its downtrend area again. I will look to get long if it can get above 138.50-139 and hold.
The first target would be 143-145, then if market can stay on the move and earnings are decent we can see above 150. Stop would be 135.50 if you get triggered. This new calculated pattern could be very profitable.
