Stepping Inside the Recent Goldman Sachs GS Price Breakout Trade

Similar to that of RIMM, Goldman Sachs (GS) stock broke a critical resistance level which set-up a great breakout trading opportunity for those poised to take advantage of it.

Let’s learn the lesson from this breakout, discuss another example of the “Popped Stops” and “Open Air” concepts, and be ready to apply this lesson in the next stock where it happens.

First, let’s set-up the scenario on the Daily Chart:

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