GOLDMAN SACHS- UR SACKS GONNA GO NOW

4 ott 2016

GS is the next bank which is going to suffer. Even though it is trading at $163, question is for how long? from 2015 June $220 high it is making lower low and no improvements over a year. The Green line is from low 2009 and has been tested twice and it is holding so far. But time has come to test 3rd time and probably that would be the last time as per stock chart technician. Once that 2009 green support line has been broken Goldman may not see the day light for a while though. Even though they introduced savings banking for minimum $1 but you can't pay bills or even have credit/debit card. It's just to deposit money. And it was done to raise cash for the big elephant. So survived the Stress test by the Fed. At least so far it is a B+ grade banking but it is a problem to take the money out from that bank. Good job for CEO Lloyd for now. Probably he may need to go to Berkshire Hathaway CEO Warren Buffett. We are looking for 2009 low $ 40 level to re-visit and it can be a temporary support though for then before it slumps down more to the South.