hi traders
Let's take a look at SCHD weekly chart.
As we can see SCHD has been in a long-term downtrend.
Since January 2022 it's been in a mid-term correction which seems to be getting to the end.
The price broke above the downsloping resistance already.
If we get a follow-through, SCHD will make new all time high.
RSI broke the down-trend on weekly which confirms our bullish bias.
Our target is at 0.618 fib extension ( 92$- 94 $ ).
Let's take a look at SCHD weekly chart.
As we can see SCHD has been in a long-term downtrend.
Since January 2022 it's been in a mid-term correction which seems to be getting to the end.
The price broke above the downsloping resistance already.
If we get a follow-through, SCHD will make new all time high.
RSI broke the down-trend on weekly which confirms our bullish bias.
Our target is at 0.618 fib extension ( 92$- 94 $ ).
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