Schwab Goes for a Break as Volume Indicator Leads

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Charles Schwab (SCHW) surged in February and then consolidated the last few weeks with an ascending triangle, which is a bullish continuation pattern. A breakout would signal a continuation of the prior advance and target a move to new highs. The indicator window shows the Accumulation Distribution Line (ACDL) hitting a new high already, and this indicates that stock has been under accumulation during this ascending triangle.


Click this image for a live chart

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

Using Relative Rotation Graphs to Visualize Sector Rotation

Using Relative Rotation Graphs to Visualize Sector Rotation

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

Relative Rotation Graphs or RRGs will help investors to keep an eye on relative trends that unfold within a universe. Among other things this will help to visualize sector rotation...   READ MORE 

MEMBERS ONLY

A Faster Way To Your Charts

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

The stock market may be setting records, but you deserve a breather this weekend. While you’re sipping your iced tea, take just a couple of minutes to explore the brand-new navigation menu on StockCharts.com. It’ll make your next charting session a breeze.   What’s different (and better)...   READ MORE 

MEMBERS ONLY

SMCI stock making steady gains.

Will SMCI Stock Soar in 2025? Here's What the Charts Say

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

Discover why SMCI stock's steady breakout, key support levels, and AI-driven upside could reward patient investors....   READ MORE 

Featured Articles

MEMBERS ONLY

Using Relative Rotation Graphs to Visualize Sector Rotation

Using Relative Rotation Graphs to Visualize Sector Rotation

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

Relative Rotation Graphs or RRGs will help investors to keep an eye on relative trends that unfold within a universe. Among other things this will help to visualize sector rotation...   READ MORE 

MEMBERS ONLY

Is META Breaking Out or Breaking Down?

Is META Breaking Out or Breaking Down?

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 – and all the way back again. Over the last couple weeks, META has pulled back from its retest of all-time highs, leaving investors to wonder what may...   READ MORE 

MEMBERS ONLY

Emerging Markets May Be on the Cusp of a Major Breakout

Emerging Markets May Be on the Cusp of a Major Breakout

Martin Pring
by Martin Pring,
President, Pring Research

Emerging markets, in the form of the iShares MSCI Emerging Markets ETF (EEM), have been underperforming the DJ World Index since 2010 -- but that may be about to change. After all, Chart 1 shows that the RS line has crossed above a three-year down trendline and experienced a long-term...   READ MORE