Get started
gnostication

COF to begin pullback around early June

Capital One Financial Corporation (NYSE:COF)  
gnostication  
NYSE:COF   Capital One Financial Corporation
Chart Patterns Trend Analysis Fundamental Analysis
0
1
chartpattern trendanalysis fundamental
  1. Credit card defaults are at all-time-highs
  2. This pump is heading toward over-bought territory
  3. The trend is downward (below both 50 and 200 MAs on the weekly)
  4. This is a pretty obvious "head-and-shoulders" formation in the making
  5. Still have downward pressure possible with MACDs, LuxAlgo, RSI and other indicators
  6. I anticipate it tops out at around $110 (also coincides with a fractal number and a MA) befor its sharp decent, around late-May/early-June
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.