Ok guys I need a little help. I didn't cut my losses with GS a few days ago. I bought in at 128. The price dropped to as low as 124.45 and is now at 125.56. I wasn't expecting the bad news on GS while good news have been announced on other investment banking companies. When do you think the price is move up? I keep thinking it will hit 130 any day now.
why did you buy? what was you indicator? looks like right around 128 was a support point...which means if it broke that support you should have sold immediately. why do you think it will hit 130? where did you set your original stop?
GS is a joke company, next GM!!! & long term strong sell, at best !!! GS = garbage security & systems & sales & sure sell GM = garbage motors...
i concur, there is an H^S. i get a bearish signal on the 14th from a fprofitable DMI as well...but the signal was missed..i would just get out of the trade and formulate a strategy for the next entry. Hoping it wil hit 130 is sure to make to broke very quickly.. good luck.