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.

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