Categories
Financials

Goldman Sachs (GS) : Trend remains down

Goldman price rises as high as 140.15 yesterday on news that their hearing will be extended to July 19; the original date fo r the hearing was supposed to be yesterday (June 21).

However, the price reverse and close off on the low at 137. Volume is also very low for the day.

GS price is unlikely to go up much until the hearing is completed.

If the reversal plays out, we should have a target of $131 (it’s recent low). Any more bad news (eg. more lawsuits) may see it break the recent low.

Likewise, a confirmed settlement with SEC can revive its price movement upwards.

Categories
Financials

Goldman Sachs (GS) : Watch the Kumo Resistance

With the broader market having a selloff on Hungary’s economic woes and the poor job data from the US, GS manage to have a little rally that sees it rise to 145.80.

The little rally is fuel in part by speculation that it is going to settle with SEC.

Categories
Tech

Radware Ltd (RDWR) : Another distribution?

Since my first post on Radware (RDWR), it has struggled to go higher after a phenomenon bull run.

Maybe, the market is waiting for its financial results and guidance.

Yesterday, as the market bounced back from Goldman Sachs’ selloff, RDWR seems to have a distribution day.

From the Ichimoku chart, we can see that volume is as high as that when I first posted.

The Tenkan sen seems to be turning also; like a car doing a U-turn. Looking at the leading kumo, we can still see a thick kumo support at around $21.94

Though, I will be wary of any more bullish run until the results is out.