Earnings 1-17 BMO/Today (o:
Diupdate
This lines up with ABC/D or ABC bullish with the target being D. This pattern will eventually reverse when D is reached. D can be a lesser or greater fib level of the AB leg.
It is a common measured move in the markets.
Earnings will be announced before I wake up )o:
Sleepless night after working. My mind needs to chill and drawing charts helps me relax. (o:
Earnings can make or break GS in a few hours from now. They are getting very soft numbers to beat so time will tell.
Last quarter, EPS of 8.25 was the number and they beat it. This quarter it is 5.77. They are also getting a break on revenue of a billion or so less than last quarter.
So it looks like Wall Street wants an earnings beat...which is not hard to do if you lower the goal posts. (o:
Price appears to be in a small bearish rising wedge, RW, (orange) that is not valid at this time as the lower line is intact.
Price is well above the .382 fib level since the Covid low.
The major trendline overhead is a slow descending trendline. This can always change.
No recommendation.
ATR is 7.49
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
EPS (FWD)
32.69
PE (FWD)
11.44
Div Rate (FWD)
$10.00
Yield (FWD)
2.67%
Short Interest
1.31%
Market Cap
128.65B
It is a common measured move in the markets.
Earnings will be announced before I wake up )o:
Sleepless night after working. My mind needs to chill and drawing charts helps me relax. (o:
Earnings can make or break GS in a few hours from now. They are getting very soft numbers to beat so time will tell.
Last quarter, EPS of 8.25 was the number and they beat it. This quarter it is 5.77. They are also getting a break on revenue of a billion or so less than last quarter.
So it looks like Wall Street wants an earnings beat...which is not hard to do if you lower the goal posts. (o:
Price appears to be in a small bearish rising wedge, RW, (orange) that is not valid at this time as the lower line is intact.
Price is well above the .382 fib level since the Covid low.
The major trendline overhead is a slow descending trendline. This can always change.
No recommendation.
ATR is 7.49
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
EPS (FWD)
32.69
PE (FWD)
11.44
Div Rate (FWD)
$10.00
Yield (FWD)
2.67%
Short Interest
1.31%
Market Cap
128.65B
Catatan
1/17/23/So far GS, has broken upward from several rising wedges that are below price and are not valid as of yet. These have been around for quite a while. Price would have to go below 250 to break the lowest wedge in this chart. If price were to hit any one of these wedges, it is likely that the over-supply that dwells in those wedges will bring price down. But price is not there yet, so time will tell.
I need to go to bed. lol
Catatan
1-17 AFTER EARNINGS REPORT
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