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GOLDMAN SACHS GROUP
(GS-NYSE):
Technical Viewpoint: From a low
of $85.55 on Dec 3, 2001 prices
rallied, reaching a
high of $95.17
on Dec 6, 2001. A
decline saw prices pull back, reaching a
low of
$88.50 on Dec 14, 2001.
Another rally saw prices penetrate
resistance, closing 12/19/01
at $94.41. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 18, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $89.00. Resistance: Is at $95.00.
Point & Figure: Reversed to the upside on Dec 19, 2001. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! GOLDMAN SACHS GROUP
(GS-NYSE) @ $94.50 Stop: Use a protective stop of $91.63.
GOLDMAN SACHS GROUP is currently trading @ $94.41 plus $3.61 on Dec 19, 2001. Price Objective:
$113.00. Risk/Reward: $2.88 VS. $18.50. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$113.00
Risk/Reward:
$2.88 VS. $18.50
Risk/Reward Ratio:
6:1
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