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Todays Big Stock Wealthpop News

Goldman Sachs (GS) Eyes 2 Major Price Levels


The market has pushed higher and higher over the last couple weeks even in the face of all the bleak predictions for 2023. This rally has been welcomed news for many investors and traders, as well as stocks such as the subject of Today’s Big Stock.

Goldman Sachs (GS) is a financial services company that is a juggernaut among the industry, so nearly every trader is familiar with the name. Following along with the rally in the market GS also found some solid footing and has been on a significant run over the past several weeks.

As the price continues to push up, it nears a very important price. This price has been set months in advance, and as you can see in the video breakdown below, this is a level of high confluence.

This level has served as both support and resistance in the past, which is why traders should be paying such close attention to this price. If it is able to clear this zone then the next level of resistance is far enough away, there could still be value in the bullish trade. However, if the market runs out of gas, the same can be expected for GS and its rally.

Watch the full breakdown below for all the insight you need to make your next high probability trade, or sit on cash. Cash is also a position, and there is no shame in sitting out a bit and waiting for the next A+ setup.

Learn more by becoming a part of The Profit Machine community, made up of thousands of traders, like yourself, as I teach all I have to offer on my style of trading. When you join, you’ll learn just how you can make this trade and countless more like it as I teach my students my strategy when it comes to trading options.

Don’t wait, take advantage of this opportunity to make 2023 one of your best years yet! I look forward to trading with you…

Good Luck!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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