Hints for stock traders stay informed to stay ahead.
Did you know that 4 from Forbes 30 are working in Goldman Sachs? This is the result of successful strategy aimed at hiring the best graduates from the best universities with a degree of MBA. But with the election of the US president Donald Trump a wave of citizen protests was rolled on "The Firm", accusing the bank in participating in the housing crisis in the US, as well as its very close ties with the leaders of the new presidential administration. And there is no smoke without fire - the company's shares rose by 34% with the election of Trump.
We already before did the analysis on the shares of this company and recommend buying them. Our previous goal of 700 points was achieved quickly and rushed up the price. The potential profit with trading of these stocks is just unlimited. Their volatility can multiply your account at your forex broker several times. Here and now, we are again preparing to purchase shares of the company, if the price will pass a new high 245.50. We target at 250, just because it is a flat rate and the price can meet resistance there. But the price can fly farther...
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 245.50
• The level of profit and close the position: 250.00 (450 pips)
Possible bullish movement in the breakout of the resistance level 1180.00
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2370
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 1.0150
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 115.50
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