Taking a look at Goldman Sachs as JPMorgan and Wells Fargo began the earnings season on Friday on a positive note, beating Wall Street expectations. Currently, in the pre-market, GS shares are trading at around $515.43 a share and the uptrend seems like it may continue in Q4. The channel drawn on the chart shows that the price has been rangebound since the start of August, but recent price action suggests we may see a test of the resistance following the earnings Resistance currently sits around $517.29, a move above it could see a push towards the upper trendline. Or respectively, the area of $540-$550, which is around 5-7% from today’s price. Towards the downside, the initial support that may come into focus if earnings were to disappoint, is along the lower trendline reading around $481. However, there is additional support levels if necessary around $456.45 followed by the August low of $426.42. After several weeks of fading momentum and the price trading sideways, it seems like the MACD may turn bullish once again. The RSI has remained bullish even throughout the increased volatile period back in August, perhaps limiting some of the volatility for those invested into Goldman’s stock.