Is the Vampire Squid going into the Mariana Trench?
A quick glance at the GS chart shows a flattening 200DMA, significant recent negative volume (probably on the news of the 6% workforce redundancies) but the price is nearing its 200DMA and could break to the downside. Support needs to hold, otherwise it will be looking bearing for the vampire squid.
Will be interesting to see if the head & shoulders which is forming does just that. If so, this is looking like a short.
Will be interesting to see if the head & shoulders which is forming does just that. If so, this is looking like a short.