Jun

16

Charles Schwab Corporation large ChartI just got off of the phone with SCHW after opening 2 accounts (a checking and brokerage). Their support was PHENOMENAL to say the least. These guys are doing it right.

While talking to the support guy i realized he was knowledgable in everything from technical analysis, to web technology and it made me wonder what Schwab’s chart might look like.

The image above is what I’m seeing and it looks like now might be a good time to wait and see if we can get a nice upward movement to push through the resistance @ $22.89.

All of the key indicators are setup pretty nicely… but i do see one concerning bit. Check out the volume for the recent up days — it’s weak! I don’t like that, but it doesn’t necessairly mean that Schwab is out.

Buy on a cross through $22.89. Looking for resistance around the $25 mark and if it pushs up through then keep on riding the trend line and moving average.

Jun

14

stld againSuper quick update on this one. I made a call on this guy back in April which I feel was not a *great* call. I was expecting the stock to move above $35.56 much sooner but regardless I was reviewing that post today, and when checking the charts again noticed that there appears to be about three touches to the $39.40-$39.50 zone.

I think there could be some nice movement if the stock busts through $39.50 on good volume. It’s a strong point of resistance, but after that point there are no other resistance levels.

Will be fun to see how this guy pans out.

Jun

7

chart of CRMEThis chart of CRME looks fairly good.  It’s a bit messy , and that’s how it goes with pharma companies, but i do think there are some tasty nuggets hidden in here.

The RSI has been trending upwards since February and will probably come down a bit to tag the trend line.

Looking @ the chart itself there are a few pretty things here.  Mainly the $10 mark.  Lets start with 2 steps back and look @ the weekly chart.  (I should have annotated a chart for the weekly, but unfortunately i did not.)  The $10 mark is definitely a resistance level Read more

Blogroll