SCHW 29.33 – neutral – Falling wedge breakout triggers further upside
SCHW rallied through 2.5-month falling wedge resistance (from August 6’s 35.72 peak) to confirm a wedge breakout. In the meantime, breaking above the 28.80 range ceiling (October 16, 2015) completed a 5-week base over 26.40 (October 2, 2015 low), triggering further upside towards 30.45 (76.4%...
goo.gl SCHW stock price opened with a gap up after earnings in the morning, almost filled the gap and is probably going to retest resistance.
Hammer candlestick is shown right on the support level followed by a strong green candlestick, completing the bullish pattern in the 5min chart. I can't think of a better long entry myself.
I went long SCHW half an hour ago.
price hit minor support with good candlestick formation combined with bullish confirmation the next day.. Target is at trend channel. Exit is slightly below the minor support
SCHW has been tossed into the trash with the "bank" stocks and now it appears that the sellers are done. When the trend exhausts itself and the sellers run out of stock to sell, then what happens is each decline in price has less power or volume. Since the sellers "initiate" the transaction and the buyers "receive" the seller, the price falls until there are...
