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Rant & Rave Blog

ALERT: Short Trade On Goldman Sachs ($GS) At This Level...

Posted by Gareth Soloway Tuesday, July 12, 2016, 02:45PM ET

Read 1248 times

Goldman Sachs Group Inc (NYSE:GS) has ripped higher for five straight days. Amateur investors are starting to buy in, but smart money is selling. Why? Because the GS chart is near term extended and approaching a major technical chart level known as gap fill. On the chart below you can see this clearly shown.

 

The potential short trade will only be initiated IF GS hits gap fill at $159.40 in the next two days (by Thursday, July 14th 2016). This is known as a swing trade, meaning you look for a quick sharp pull back over the course of one week, then take profits. The pull back could potentially take you to a target of $149.75. That would be an approximate $10 profit on Goldman Sachs in a week if this trade plays out correctly.

 

Our members will be alerted of the best time to enter and exit this trade as the Pros do live, right here in the Research Center. Click here to start for FREE and get all of the money making guidance right now!

 

Goldman Sachs is nearing major resistance on the stock chart

 

Gareth Soloway

www.InTheMoneyStocks.com

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