Price squeezed between support and resistance
Schwab International Equity ETF flat at +0.3%, the rally loses steam
Price squeezed between support and resistance
Our view last week
Schwab International Equity ETF (SCHF) is at week 12 of a buy trade: the model's coverage is complete, every statistical reference has been hit, and the stop now trails the Inversion Point. The trade is up 5.05% since entry. On the technical side, the week just closed flat, with signs that the rally's momentum is slowing.
This week's summary
Weekly technical analysis. This week Schwab International Equity ETF closes flat again (+0.3%), with price boxed into a tight range between the first support in the 27.5 area and the first resistance in the 27.6 area. Buyers are back in control of volume, but the MACD is nearing a bearish cross and the ADX keeps sliding: the slowdown already seen last week continues. The trade is still up 5.35% since entry.
IQS Phase
57
ordinary
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#87 / 129
US stocks in progress
Trade P&L %
+5.35%
from signal to today
restricted Platinum content