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Schwab (SCHW) Bull Flag After Strong Run

Schwab (SCHW) Bull Flag After Strong Run

by | Nov 12, 2021 | Chart SetUps

Schwab (SCHW) strong trend recently and pulling back this week in a narrow wedge to the rising 21-EMA and top of monthly value. A breakout move above $82 can make a run back at the prior highs of $84.50 and then extended to $90+. RSI and MACD have both pulled back from recent extremes and starting to turn again, ready to run. SCHW has 10,000 January $87.50 calls in open interest from a buyer on 10/20.