Nov. 14 at 2:53 AM
$SCHW is currently trading at
$95.36, showing a stable position within its recent range. The RSI of 54.24 indicates that the stock is neither overbought nor oversold, suggesting a neutral to slightly bullish sentiment. The price is above the 30-day moving average (MA30) of 94.37 and the 50-day moving average (MA50) of 94.02, indicating a potential upward trend.
Given the 60-day high of 98.5 and low of 90.5, the stock has room to move higher. A suggested entry point would be around
$95.50, slightly above the last close to confirm upward momentum. A stop loss can be set at
$94.00, just below the MA50, to manage risk.
Targets can be set at
$97.00 (near the 60D high) and
$98.00, allowing for a favorable risk-reward ratio. This plan leverages current market conditions, RSI positioning, and moving averages to capitalize on potential upward movement.
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