$GS

Goldman Sachs reported earnings and rose, but on a swing basis it is a short at a level: after breaking a daily-chart parallel, a retrace to about 1,000 would be the shortable level, where a rejection and move lower are expected.

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Verified InvestingPublished Oct 13 · 1 passage

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Goldman Sachs reported earnings. That stock is up, right? Very nice move as well. On a swing basis, though, um Goldman Sachs does have a level I would consider a short at. Notice the bigger parallel right here.

Low pivot, low pivots, and then high pivots and high pivot. We've broken this on the daily chart. If you get a retrace back to the scene of the crime, this would be the shortable level on a swing basis.

Right off basically 1,000, you would expect a rejection and a move lower.

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