Confirmation week closes bullish for Schwab
Charles Schwab climbs 6.3% and closes in on its all-time high
Confirmation week closes bullish for Schwab
Our view last week
Charles Schwab opens a fresh buy signal, ranking 8th among the 10 new Longs for US stocks. The weekly structure is bullish with all structural averages aligned, but signal strength stays modest at 45 out of 100: an entry to follow with discipline, not to chase with full conviction.
This week's summary
Charles Schwab stock jumps 6.3% this week and closes in on its all-time high, squeezed into a tight range between two nearby technical levels. The confirmation week for the fresh buy signal closes bullish, with signal strength firming up and buyers controlling nearly three-quarters of daily volume. Still to watch: contracting weekly volume and mixed rejection candles.
IQS Phase
72
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#60 / 129
US stocks in progress
Trade P&L %
+6.31%
from signal to today
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