GS – Goldman Sachs (Last:165.21)

The 162.11 Hidden Pivot where I suggested bottom-fishing in the chat room yesterday nailed the intraday low precisely to-the-tick.  Because the subsequent bounce carried 55 cents, anyone who took the trade would have had an easy opportunity to exit with a partial profit.  If you still hold stock, I’d suggest a 162.28 stop-loss, switched to a 30-cent trailing stop when 162.85 is hit. Minimum objective:  163.10.  (FYI, here is the heads-up I gave in the chat room wth the stock selling around 162.80 and falling:  “GS looks like it will bottom — tradably — at 162.11. The target…looks every bit as promising as the one given in Citi.” ) _____ UPDATE (2:09 p.m. EST):  The stock has traded as high as 165.19 today, so anyone who took a position overnight after having bought at the targeted low, 162.11,could have reaped gains of as much as $308 per round lot.  You’re on your own now, but please note that Goldman could be signaling more upside to as high as 169.33 if it closes above a midpoint resistance at 165.72.