GS, Goldman Sachs (Bank!) June 12 update


Once again, not yet at the original target of $160 but sufficiently high to sell for an almost 300% gain (sorry original predates this blog). The wedge-like shape as well as the deteriorating MACD and RSI warn that it is time to vacate this one and move on if not already done. As a comparison below is BAC which (also predictable) did the exact same thing but did go higher but not on a relative basis. Thereafter it did crash, which is not necessarily what must happen to GS, evenso it could.