My new site is finally up and I will be posting my stocks analysis at http://mystocksinvesting.com


Marubozu

May 31, 2010.

My Stocks Investing Journey

Search This Blog

Friday, December 4, 2009

GS - Bullish Abandoned Baby Pattern Failure?

GS formed a Bullish Abandoned Baby (another name is Morning Doji Star) pattern a few days ago but the trend did not reverse to up trend. The trend will normally continue if there is a pattern failure, and the H&S formation remains valid for the time being.  I am watching closely whether GS will break the neckline and the support of $158.4. If these two supports are broken, GS will start a deep correction to about $138 level.


No comments:

Post a Comment

ShareThis