BY LICIA LESLIE
October 18, 2023
Hi Shoppers,
Charles Schwab (Ticker: SCHW) reported earnings on Monday.
Not sure what they were but they have caused the stock to make a turnaround here from these lows:
Before Monday the stock was consolidating and possibly ready to take that next leg lower.
Monday’s action created a bullish engulfing candle.
Looking at the options, the Nov10 expiration look like the best buy:
The 54 strike is just out of the money. Be careful not to pay up too much, the markets are a bit wide.
I think SCHW can trade up to $55.85.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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