Goldman Sachs: double bottom rebound, buyers return
Goldman Sachs rises 3.3% off a double bottom as buyers retake control
Goldman Sachs: double bottom rebound, buyers return
Our view last week
Goldman Sachs is in week 12 of a buy signal, with the coverage of our most advanced model now complete: all 3 targets have been hit and the stop now trails the Inversion Point, in the 1,020.8 area, protecting a 12.47% gain since entry. On the technical side, the week just closed was flat, with volumes in balance; earnings are expected in 2 weeks, on July 14.
This week's summary
Goldman Sachs closed the week up 3.3%, driven by a clean double bottom in the 991 area with a 12% intermediate rebound: buyers came back in charge, with 78% of volume on the buy side, the highest share of the last four weeks. The trade is over 16% in the money since entry, and earnings land this very week, on July 14.
IQS Phase
51
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#54 / 129
US stocks in progress
Trade P&L %
+16.23%
from signal to today
restricted Platinum content