SCHF's uptrend cools after 14 weeks
SCHF slips 2% as the uptrend loses steam and MACD turns bearish
SCHF's uptrend cools after 14 weeks
Our view last week
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.
This week's summary
SCHF, the ETF tracking developed international equities, is losing ground: the week closes down 2%, with 67% of volume on the sell side. The MACD, only near a bearish cross last week, has now confirmed it, and money flow has turned negative. The ADX keeps sliding: the trend is losing conviction. The trade is still up 3.29% since entry.
IQS Phase
51
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#63 / 112
US stocks in progress
Trade P&L %
+3.29%
from signal to today
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