Short term view - SCHWAB (CHARLES) CORP : Prices are breaking below the moving average, it is a sign of weakness.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at $49.7000. The invalidation level is above $60.2700.Arguments :
- The resistance has been reached, it causes the fall.
- Prices are breaking below the moving average, it is a sign of weakness.
Charles Schwab is a savings and loan holding company. The company is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company provides financial services to individuals and institutional clients in two segments: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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