Goldman Sachs (GS) has been consolidating after a bullish recovery swing in late 2018, early 2019. There was a false break down in early June, but that failed bearish signal translated into an eventual bullish one.We recently noted the bullish scenario as price broke above the 200-day simple moving average (SMA) and was testing key resistance around $210. GS Daily Chart(click to enlarge)Bullish Breakout:- The bullish breakout is complete. - Price had broken above a falling trendline, the cluster of moving averages, and the previous 2019-high around $210. - Furthermore, the bullish trend is in-line with the trend since 2009. Note on the weekly chart below that price remains in a rising channel.- I think there is at least upside to the $240-$245 pivot area. - There might be some resistance around $219-$220, which was a previous support/resistance pivot.- I think if the bullish trend is indeed going to materialize, there should be support at/above $200. So let's see if there will be a 10% correction when price approaches $220. - I do not have any exposure in GS, but have an entry order at $200. GS Weekly Chart(click to enlarge)