Progress on Goldman Sachs Bollinger Band breakout

10 September

Last week, the Bollinger Band breakout on the pair of Goldman Sachs (GS) v iShares Brazil (EWZ) was given and this made 4.9% on the week.

You can now take some profit and move the stop loss on the remainder to break even.

Remember though, this is a medium term position (weeks to months). Whilst there can always be pullbacks, the best examples of these trades do not pull back far or for very long.