The chart posted is that of Charles Schwab broker dealer . I see great support at 47.79 .But feel from a risk stand point a trade to the upside is now here . for what should be wave C up {THE BEAR WAVE COUNT} as fib relationship are focused at 39.0 to 41.5 BUT I AM BUYING CALLS as of this post JULY %) at 5.00 best of trades WAVETIMER
SCHW experienced vicious sell off from SIVB fall out and fall 40% in 3 days. Its overdone!
Hourly chart to be in descending broadening wedge. If it can break out of that pattern above $55, reversal to $60 - $65 is not a pipe dream.
Target 1 - $55
Target 2 - $65
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an...
Following the downfall of the SVB, the banking sector worldwide is on the downturn. With most of the bank trading around 5-10 percent down, we can not miss the hugely oversold SCHWAB company. The has been doing quite well for the last two years. and has received a lot of rewards such as : 2022 Most Admired Companies Recognition
Awarded by FORTUNE; 2022 Best...
Trend is down, support down @ 70, stop @ 79.60, good to have some short positions going just in case. Retracement towards $76.09 would be a good level to add or enter if you rather enter on retrace, cover 50-75% when target is hit and trail stop to entry, then cover the rest at $70 ish.
Best of luck!
Cheers,
Ivan Labrie.
The coming week will be extremely volatile with FOMC and ECB meetings along with a heavy week of earnings releases and economic data so I will be starting the week with just two set ups for Monday after 10:00 AM.
Bull Call Spread on BAC 02/24 expiration 36/41 spread and five contracts. Looking for it to rise above 35.75 to enter the trade.
Bear Put Spread on...
Looking at the SCHW The Charles Schwab Corporation options chain ahead of earnings , I would buy the $82.5 strike price at the money Puts with
2023-6-16 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Hey guys,
SCHW seems to have been oversold if and when the RSI comes below 30, it'd be a good time to add.
P.S: This is not financial advice. I'm not a registered advisor.
The PEAD projected a Bullish outlook for $SCHW after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
$SCHW has a lot of good element except the 200 MA trending down.
Large weekly cup with handle in a #11 ranked IBD group.
Sitting right on top of its handle breakout and held up well in face of today's selloff.
SCHW has done well in a bad year for the market. the earnings release in October looked good.
The stock has gained 25% in the past 4 months very consistentl which shows relative strengh
compared with SPY which has descended badly.
On the daily chart it is sitting above an ascending Ichimoku cloud. This has been trading above
VWAP since Late October showing...
Monday, 14 November 2022
12:40 PM (WIB)
The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes...
Earnings watch 10/17
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