$SCHW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SCHW after a Negative Under reaction following its earnings release placing the stock in drift D
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SCHW34 trade ideas
SCHW - 13.82% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade.
Bullish Pennant breakout.
- Target Entry: $76.00
- Target Stop Loss: $74.32
- Target Exit: $86.32
- Risk / Reward Ratio: 6.14
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
SCHAWB(CHARLES) Corp (SCHW) - S&P 500 - False Break Price recently break through resistance, looking for price to retest previous resistance turn support.
Wait for price to do a false break around 61.30 area.
False Break candlestick pattern: Hammer / engulfing
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Finance sector industry getting momentum!Stocks usually moves in clusters, and it is obvious that finance sector becomes hot since last week.
If you check the last week performance of the companies over 100 Billion market cap, soon you will notice 5 out of the first 10 best performance belongs to Finance sector. Interestingly, Wells Fargo ( check my WFC analysis published on Feb 16th) was the best performer and the only one with double digit return in a week among 88 companies with over 100 billion market cap..!
This types of analysis and results can help you differentiate a true analyst from crooked pumpers..!
Moshkelgosha
$SCHW with a neutral outlook following its earnings releaseThe PEAD projected a neutral outlook for $SCHW after a positive over reaction following its earning release placing the stock in Drift B
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Cup and HandleJust over long entry level
Support at handle low/HL and mid cup which is 39.8..
Cup low is 28 and cup depth is 23.65.
Targets are calculated using cup depth and added to long entry level using fib levels. Cup depth is calculated using the high of the cup. Long entry level is usually placed right over the former high to clear resistance that
Not a recommendation
SCHW Double BottomPicked up some $SCHW at $33.14. Frankly, I do not have full conviction in this trade. The SMA are screaming a sell. But it seems like the stock hit double bottom and is trading near the lower price range on the Bollinger Bands.
On the fundamental side, there's a lot of competition in the brokerage industry but with $4 Trillion in assets $SCHW may be a survivor.