Myantman101

Perfect Short Opportunity

Short
NYSE:COF   Capital One Financial Corporation
Pure technical analysis during a fundamental period of time where market is due to correct.

RSI: 65.51 ( high ) near 70 which is extremely overbought and I believe we can see the RSI hit 70 today

D+: Sell signal!

MACD: Shows weakening bullish volume

3x Confirm: Close to initiating a sell signal

Plan: I see Capital one nearing $125 tomorrow before Fridays sell off leading to further decline the week ahead. I am giving COF 1 week to hit $122.

Will be buying puts.