If you look at this chart of Schwab, you can easily see the cup w/ handle formation. It has broken the blue downtrend line and is taking on good volume this morning. I have started a one-half size position here as the risk reward is exceptionally good. My stop will be below the most recent low which also corresponds with the 20 EMA (green). This could easily move to upper band of resistance around 71.40. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade active:
I just brought
SCHW
up to a full size position as it is holding the day highs. This looks like a good risk reward area for me as I can have a very tight stop. I do not expect big gains on this trade. I am looking at a 5% move up to around $71. All TBD.
SCHW
up to a full size position as it is holding the day highs. This looks like a good risk reward area for me as I can have a very tight stop. I do not expect big gains on this trade. I am looking at a 5% move up to around $71. All TBD.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.