Goldman Sachs up 1%, but selling volume takes over
Goldman Sachs gains 1% as selling volume takes control
Goldman Sachs up 1%, but selling volume takes over
Our view last week
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.
This week's summary
In this week's technical analysis, Goldman Sachs stock gains 1%, but under the surface something is cracking: 76% of volume flipped to the sell side, the last candle's body is weak, and buyer dominance is collapsing. It's the first real crack after weeks of a clean climb, with price now boxed into a tight band around the 20-day moving average, in the 1065 area.
IQS Phase
49
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#44 / 112
US stocks in progress
Trade P&L %
+17.34%
from signal to today
restricted Platinum content