Good morning, and welcome to today's edition of A Better Way To Wealth! The Charles Schwab Corporation (SCHW) has just confirmed a channel structure breakout, and the retest held up nicely. Now, that certainly doesn't guarantee anything, but it's sure a good sign for the stock price. Price action has settled above the black descending channel structure and the 50-day simple moving average (SMA). We're now looking for price action to test the 200-day SMA in the coming weeks. Here's how it could play out… |
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