SCHB has been on a strong uptrend since March 2020
SCHB has been on a strong uptrend since March 2020 looking at the weekly chart, but it may be due for a correction soon.
The RSI indicator shows that SCHB is overbought, meaning that the buying pressure is exhausted and the sellers may take over.
The MACD indicator also shows a bearish divergence, meaning that the price is making higher highs while the momentum is making lower highs. This signals a potential reversal in the near future.
A possible target for the pullback is the 50-day moving average, which has acted as a support level in the past.
The RSI indicator shows that SCHB is overbought, meaning that the buying pressure is exhausted and the sellers may take over.
The MACD indicator also shows a bearish divergence, meaning that the price is making higher highs while the momentum is making lower highs. This signals a potential reversal in the near future.
A possible target for the pullback is the 50-day moving average, which has acted as a support level in the past.