Thursday, 26 March 2009

Goldman Sachs - is it time to book profits?


Goldman Sachs (GS) faces a challenge at the 200 day EMA which is very close to yesterday's closing level. The candlestick patterns of a doji star followed by a hanging man formation, in conjunction with the negative divergences on the Money Flow Index (MFI) chart, suggest that this stock could be at, or very close to, an intermediate term top.

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