Is Goldman Going Higher?Goldman Sachs Group, Inc. (The)BATS:GSTradeStationGoldman Sachs has gone more than two months without a new high, but some traders may see further upside in the Wall Street giant. The first pattern on today’s chart is the series of lower highs between late September and late October. GS has spent more than two weeks above that falling trendline, which may confirm the slide has ended. Second, prices have held above the rising 50-day simple moving average. That may reflect a bullish intermediate-term trend. Third, the stock has stayed above the rising 8- and 21-day exponential moving averages. MACD has turned higher as well, which may reflect increasing bullishness in the short term. Next, prices tried to dive on Friday but quickly recovered. That false breakdown is a potentially bullish reversal pattern. Finally, you have the previous record closing high of $806.32 from September 23. GS probed that level on Monday and remains near it. Could a close above the old resistance trigger a breakout? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.