Friday, December 02, 2011

Trade: GS

I went long GS on the breakout of the moving average. Notice the bottoming "W" pattern and the positive volume that has has developed within the pattern. My stop is just under the moving average at around $97-98. The targets are around $110 and $115. Entry was at $99.88. This gives me a phenomenal 5:1 reward to risk ratio.

1 comment:

john wood said...

Very helpful survey. Especially in graphic method, it made yhis survey very interesting and full of knowledge. Thanks
I am going to make another Survey Report, it will help me so much.