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gnostication
May 19, 2023 2:14 AM
COF to begin pullback around early June
NYSE:COF
1W
Capital One Financial Corporation
NYSE
Description
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May 19, 2023 2:14 AM
Credit card defaults are at all-time-highs
This pump is heading toward over-bought territory
The trend is downward (below both 50 and 200 MAs on the weekly)
This is a pretty obvious "head-and-shoulders" formation in the making
Still have downward pressure possible with MACDs, LuxAlgo, RSI and other indicators
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
Chart Patterns
Trend Analysis
Fundamental Analysis
Comments
gnostication
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May 31, 2023 3:07 PM
Still hasn't got close to a price of $110. Not going short until it gets at least close to there unless there are several other indicators to clearly show a reversal.
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