Charles Schwab Corp ( SCHW) is trading lower Friday on reports that its client assets fell in August. I looked at shares of SCHW on Aug. 23 and wrote that "I am not sure what is bothering traders of SCHW but it is concerning to me that this brokerage firm is so weak looking. Avoid the long side of SCHW."
Let's check the charts again.
In this updated daily bar chart of SCHW, I can see that prices have been failing at the underside of the cresting 50-day moving average line. Trading volume has been neutral and the daily On-Balance-Volume (OBV) suggests that buyers are not being aggressive. The Moving Average Convergence Divergence (MACD) oscillator remains below the zero line. 
In this weekly Japanese candlestick chart of SCHW, below, I see a challenging picture. SCHW trades below the declining 40-week moving average line. The weekly OBV line has been weak since the middle of July. The MACD oscillator is below the zero line and narrowing.
In this daily Point and Figure chart of SCHW, below, I can see a downside price target in the $54 area.
In this weekly Point and Figure chart of SCHW, below, I can see a $56 price target.
Bottom line strategy: Shares of SCHW have been weak since early 2022 and a bottom is not in sight. Avoid the long side of SCHW.
