Well we got the 5% hit, now it's a wait and see what they say in the conference call at 11:30AM ET. We are looking for a 3%; trading range which would put us at a $154.50 high to $145.50 low at current level. The daily chart is showing a W pattern and if we can take out the $151 level the target range, then we can move higher. 20 and 30 MA support is at $145.
Tuesday, July 14, 2009
Earnings Here and Gone - GS
Well we got the 5% hit, now it's a wait and see what they say in the conference call at 11:30AM ET. We are looking for a 3%; trading range which would put us at a $154.50 high to $145.50 low at current level. The daily chart is showing a W pattern and if we can take out the $151 level the target range, then we can move higher. 20 and 30 MA support is at $145.