CHARLES SCHWAB - Potential Upward MovementCHARLES SCHWAB about to bounce back up for correction. Exit at 1st supply zone.
SCHW trade ideas
Charles Schwab to $60 in the coming days Here is a chart which suggests the price of charles schwab is destined to go to $60 in the coming trading days
$SCHW - #SCHW overdone!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 investment advice.
SCHWAB Long investing ideaFollowing 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 Online Brokers Recognition Awarded by Investor's Business Daily. ; 2022 The Best Employers for New Grads Awarded by Forbes magazine.; 2022 America’s Best Large Employers Recognition Awarded by Forbes magazine. and many more. The P/E stands at 16.75 with most of the companies in the sector having P/E around 15. my point of view is that the company is too oversold even though, the sector is amid turbulence. For the long-term investor, this might be an opportunity to acquire shares on a relatively low price, with the price being near a support zone pre-market. Please note that this is my personal idea and it is NOT a FINANCIAL ADVICE. Trade with caution.
SCHW Bullish?I think that above 77.71 we can have a bullish trend
Entrance= 77.71
Take profit at= 80.32
Stop Loss at= 75.10
$SCHW: Short setupTrend 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.
My thoughts for Monday AM ...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 SCHW 02/24 expiration 74/69 spread and five contracts. Looking for SCHW to fall below 74.20 to enter.
These are my ideas and planned actions you are on your own for your trades. No recommendation or suggestion.
SCHW The Charles Schwab Corporation Options Ahead of EarningsLooking 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.
SCHW - value investingHey 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.
$SCHW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SCHW after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
SCHW Cup with Handle$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.
SCWB- Sustained Uptrend Curently in a Momentum SqueezeSCHW 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 an overall bullish bias.
The Momentum indicator shows a current squeeze with the Bollinger Bands constricting around
the price action. I am looking to trade this as a call option with a one-month expiration.
Fundamentally, SCWB will be busy this December as the number of tax loss sales to
book capital losses will likely be astronomical.
Charles Schwab Corp.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 retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services, as well as retirement business services to independent registered investment advisors, independent retirement advisors, and record keepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in Austin, TX.
SCHW on the longer term Slow, steady, boring, dividend company that is acquiring TD Ameritrade and has already bought other small platforms. Is HOOD next? SAMI says yes
Earnings watch 10/17Earnings watch 10/17
SCHW
MRTN
BAC
GNTY
RIO
MNSB
BK
LMT
ELS
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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WATCH $SCHWBearish
- Inverse HS
- Multi rejections upward trendline
- Multi rejections major S/R level
- Bear flag
- Multi rejections at 0.5 fibo retracement
“It always seems impossible until it's done.”
SCHW: Bullish flag?Charles Schwab Corporation
Short Term - We look to Buy a break of 73.58 (stop at 71.93)
The medium term bias remains bullish. Posted a bullish Flag formation. A break of 73.50 is needed to confirm the outlook. Further upside is expected. Our bias remains bullish and further upside is expected to target resistance at 78.00.
Our profit targets will be 77.91 and 82.00
Resistance: 78.00 / 85.00 / 96.00
Support: 70.00 / 60.00 / 50.00
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SCHW daily bullish hammer at local pivot with good volumeSCHW daily bullish hammer at local pivot with good volume. Stop below local low.
SCHW daily frame (resistance (c) of [B] @ 86)updated count
higher probability that (b) has completed and we will see a final (c) move towards 86 around 11/7/22 i believe is the date
SCHW update 3HR frame (6/13/22 - 8/16/22) break down short term move from 6/13/22 to 8/16/22....the previous post labeled this same move as a corrective abc...this post is still corrective with an impulse.
the projected (b) date would correlate with the previous post in terms of projected date estimates
SCHW daily frame [B] target @ 86 on 11/7/22the recent move up scares me as a pullback would be the most logical thing to happen with a move toward 86
anything below 65 is a no no for me
SCHW confirms BUY signalSCHW offers a bullish push opportunity.
Price action broke to the upside with confirmation, retested and is holding thus far.
Buying volume present, 50 day support holding, RSI bullish.
Looking for continuation to the upside in the coming weeks.
I've identified a CALL option play that should benefit if this transpires.
