dorfmanmaster

SCHX - Long // technical analysis

Long
AMEX:SCHX   Schwab U.S. Large-Cap ETF
(RSI, 14) @73, slowly growing for the past week.


Stochastic RSI @.81


Bollinger bands on a Day timeframe in upper level.
Bollinger bands on a 1h- timeframe on a tight squeeze.


On march 28th price crossed the 21-day moving average (short term bullish)


I would watch for a consolidation break.

This is the trade I would make:
Entry: 68.5
Long: 71.4 (+ 4.23% )
Short: 66.71 (- 2.6% )
RRR: 1.62
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