July 29th, 2010
Published Daily

GS – Goldman Sachs (Last:126.50)

by Rick Ackerman on April 29, 2009 12:55 am GMT

If the stock catches a breeze, it could get to 129.63by week’s end. That’s a Hidden Pivot, and its midpoint sibling at 123.92 has already been exceeded. More immediately, we can try bottom-fishing at 119.05, the target of a minor corrective pattern. Bid there for 200 shares, stop 118.96, raising the stop to 119.45 if the bounce we’re expecting materializes and hits 119.65. Minimum price objective: 119.90. ______ UPDATE: The stock lurched maniacally  higher today and is currently up around $6. Looks like that 129.63 target will be reached sooner rather than later.

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