Chart of the Day – Goldman Sachs (GS)

Today’s chart of the day is Goldman Sachs Group, Inc. (NYSE: GS).

After breaking out to new multi-month highs, the stock has been consolidating in a bull flag/bullish pennant chart formation for the past four days, and will likely continue to do so today.

When the consolidation is over, we should see a breakout with a move to the $175 area some time in December.

You can buy the stock here or trade the GS Dec 175 Calls for around $2.