The Bullish Flag is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Technical analysis of Charles Schwab Corporation (SCHW) reveals a significant setup. Currently at $101.97, the asset is showing upward momentum (0.35%). Price action has carved out a classic Diamond. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $104.48, targeting $121.33 with support near $96.06 (R:R 2.0).
What is your outlook on SCHW?