October 23, 2021, 11:15 p.m. ET, BY Quentin W. – Contributor | Publisher: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for SCHW

• Buy SCHW on 79.64 target 86.10 stop loss @ 79.41 Details

Technical summary data tells us to buy SCHW near 79.64 with a bullish target of 86.10. This data also tells us to set a stop loss @ 79.41 to protect against an excessive loss in case the stock begins to move against the trade. 79.64 is the first level of support below 83.55, and by rule, any test of support is a buy signal. In this case, 79.64 support is being tested, a buy signal would exist.

• Short SCHW under 86.10, target 79.64, stop loss @ 86.35 Details

Technical summary data suggests a short sale of SCHW as it approaches 86.10 with a bearish target of 79.64. We should however have a stop loss in place at 86.35. 86.10 is the first resistance level above 83.55, and by rule, any resistance test is a short signal. In this case, if resistor 86.10 is tested, a short signal would exist.

Swing Trading Plans for SCHW

• Buy SCHW Above 83.59, Target 86.10, Stop Loss @ 83.35 Details

If 83.59 starts to break higher, technical summary data tells us to buy SCHW just above 83.59, with a bullish target of 86.10. The data also tells us to set a stop loss @ 83.35 in case the stock turns against the trade. 83.59 is the first resistance level above 83.55, and by rule, any breakout above resistance is a buy signal. In this case, 83.59, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SCHW near 83.59, target 81.15, Stop Loss @ 83.83. Details

Technical summary data suggests a short sale of SCHW if it tests 83.59 with a bearish target of 81.15. We should have a stop loss in place at 83.83 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 83.59, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for SCHW

• Buy SCHW Above 83.59, Target 86.10, Stop Loss at 83.39 Details

If 83.59 starts to break higher, technical summary data tells us to buy SCHW just above 83.59, with a bullish target of 86.10. The data also tells us to set a stop loss @ 83.39 in case the stock turns against the trade. 83.59 is the first resistance level above 83.55, and by rule, any breakout above resistance is a buy signal. In this case 83.59, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SCHW near 83.59, target 82.89, Stop Loss @ 83.79. Details

Technical summary data suggests a short sale of SCHW if it tests 83.59 with a bearish target of 82.89. We should have a stop loss in place at 83.79 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 83.59, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

SCHW Technical Summary | Raw data for trading plans

Trade Charles Schwab (NASDAQ: SCHW) can be rewarding as long as traders and investors observe important pivot points for the stock before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for SCHW change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if SCHW is testing the surface of support buy signals, and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for SCHW as well. All these elements are proposed under the summary table.