EquityCast

Schwab is Bullish to the 50DMA

Long
EquityCast Updated   
NYSE:SCHW   Charles Schwab Corporation (The)
Bullish engulfing daily candle on earnings day with high volume. Next stop is flipping the 20DMA from resistance to support. From there a run to the 50DMA (green line) for an exit would be appropriate.
Trade active:
very strong price action on Schwab. All dips are bought. 20DMA looks to be recaptured and should serve as a bottom moving forward.
Trade closed manually:
Sold my full position (call options) at the close. Could go higher but I'm happy with the return.
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