$SCHW Cup with Handle Formation

If you look at this chart of Schwab, you can easily see the cup w/ handle formation. It has broken the blue downtrend line and is taking on good volume this morning. I have started a one-half size position here as the risk reward is exceptionally good. My stop will be below the most recent low which also corresponds with the 20 EMA (green). This could easily move to upper band of resistance around 71.40. All TBD.

The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Zlecenie aktywne:

I just brought SCHW up to a full size position as it is holding the day highs. This looks like a good risk reward area for me as I can have a very tight stop. I do not expect big gains on this trade. I am looking at a 5% move up to around $71. All TBD.