SCHW looking to reach new highs?
* Great earnings
* Strong up trend
* High 3-month relative strength of 3.72 in the Financial sector
* Breaking out of a base on base pattern with higher than average volume
* Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point
Trade Idea:
* If you don't mind a little volatility and want to catch the bigger move, you can enter now as indicated.
* The price is only 1.73% away from the broken level
* However, if you're looking for a better entry, you can look for one around the $84.30 area as that should serve as support moving forward.
* Strong up trend
* High 3-month relative strength of 3.72 in the Financial sector
* Breaking out of a base on base pattern with higher than average volume
* Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point
Trade Idea:
* If you don't mind a little volatility and want to catch the bigger move, you can enter now as indicated.
* The price is only 1.73% away from the broken level
* However, if you're looking for a better entry, you can look for one around the $84.30 area as that should serve as support moving forward.
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