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Technical Analysis with chessNwine

chessNwine
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Joined Apr 1, 2010
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chessNwine Sun Aug 11, 2013 12:16pm EST 3 Comments

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Here is what I am seeing with Goldman Sachs on the weekly timeframe. There is also a negative weekly RSI divergence (underlying momentum) still in play since much earlier in the year.

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GS

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3 comments

  1. ultramarine
    ultramarine
    August 11, 2013 at 1:25 pm

    Thanks, Chess. I think part of GS’s weakness is also due to recent weakness in the financial sector (see XLF). But recently GS has been performing worse than XLF, which supports the bearish case (see related chart below)

    http://stockcharts.com/h-sc/ui?s=GS&p=D&yr=0&mn=6&dy=0&id=p67441883202

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