COF forming a massive double top formation. It touched the double top resistance & seems rolling over to the down side. Overall looks a decent shorting opportunity.
Entry Target Criteria- Break of $87.93 or rally to $91.55
Exit Target Criteria- $76.23
Stop Loss Criteria- $92.13
Option: $90 ...
Well those who missed to short Citi, hsbc, scb, ms, wfc, boam bcs here is a new opportunity to maximize profit by shorting CapitalOne Bank COF . It is still in free fall zone. For low we can look for 2009 low price.
RSI says oversold but everything else says it has further downside to come. Might not last long but for now I am short.
14th Candle cleared it of is vital MAs and it's probably got more room to slip. To the upside it could test 68 again and bring RSI up to 50 again before the trend continues. We will see if it ...
So on the weekly a 14% drop inside on the weekly chart but, tried to gain momentum puke and support held again at $67.80 . Now the question is will this take out $70.13 low or take out the 14% to the upside I’d like to see a new signals coming into a new interesting year
I will outline why COF is a buy here, but a short at lower prices.
Here is another example of how to use 'Time at a Price" to determine trend.
Starting from the low last year in March there are some excellent examples of how time builds at a price and then projects "up" once there is a range that is above the ...
COF started doing the dreaded H&s pattern when it had a retracement @68. Both shoulders are located @73 and the head @78.50.
on February 18th, it closed with an evening star at the 0.76 Fibonacci retracement level that if confirmed by lower lows and lower highs from the next bar is a bearish sign.
The MACD ...
Earnings, oh, earnings. There were 16 names reporting today with $AMD having the most number of shares trading. A good signal was offered in the sixty during session of the 10th and now this evening we know the 4%+-percent pull-back will put a hurt on. (here is the group listed ...