Trading Goldman Sachs Group $GS With Integrated Risk Controls

April 18, 2023, 09:25 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Goldman Sachs Group (NYSE: GS) report below can help you, but we have more details too. The trading plans for GS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for GS

• Buy GS slightly over 320.30 target 352.02 stop loss @ 319.37 Details

The technical summary data tells us to buy GS near 320.30 with an upside target of 352.02. This data also tells us to set a stop loss @ 319.37 to protect against excessive loss in case the stock begins to move against the trade. 320.30 is the first level of support below 328.81 , and by rule, any test of support is a buy signal. In this case, support 320.30 would be being tested, so a buy signal would exist.

• Short GS slightly under 352.02, target 320.30, stop loss @ 353.04 Details

The technical summary data is suggesting a short of GS as it gets near 352.02 with a downside target of 320.30. We should have a stop loss in place at 353.04though. 352.02 is the first level of resistance above 328.81, and by rule, any test of resistance is a short signal. In this case, if resistance 352.02 is being tested, so a short signal would exist.

Swing Trading Plans for GS

• Buy GS slightly over 335.47, target 352.02, Stop Loss @ 334.5 Details

If 335.47 begins to break higher, the technical summary data tells us to buy GS just slightly over 335.47, with an upside target of 352.02. The data also tells us to set a stop loss @ 334.5 in case the stock turns against the trade. 335.47 is the first level of resistance above 328.81, and by rule, any break above resistance is a buy signal. In this case, 335.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GS slightly near 335.47, target 327.38, Stop Loss @ 336.44. Details

The technical summary data is suggesting a short of GS if it tests 335.47 with a downside target of 327.38. We should have a stop loss in place at 336.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 335.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GS

• Buy GS slightly over 334.06, target 335.47, Stop Loss @ 333.28 Details

If 334.06 begins to break higher, the technical summary data tells us to buy GS just slightly over 334.06, with an upside target of 335.47. The data also tells us to set a stop loss @ 333.28 in case the stock turns against the trade. 334.06 is the first level of resistance above 328.81, and by rule, any break above resistance is a buy signal. In this case, 334.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GS slightly near 334.06, target 327.38, Stop Loss @ 334.84. Details

The technical summary data is suggesting a short of GS if it tests 334.06 with a downside target of 327.38. We should have a stop loss in place at 334.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 334.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GS Ratings for April 18:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	320.30
P2	334.06	327.38	352.02
P3	338.07	335.47	383.50

Support and Resistance Plot Chart for GS

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