Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Ser
Capital One Financials has just confirmed a DB pattern which has been developing as a pullback of a previous DB. The friday confirming candle has come with a gap and high volume. It may be a good long play for the next weeks.
Capitol One, price maybe over-sold,Outside BBand, consecutively down 12 bars. might be a good idea to watch for a intraday rebound signal, or sell OTM covered put
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.
Trade Criteria
Entry Target Criteria- Break of $87.93 or rally to $91.55
Exit Target Criteria- $76.23
Stop Loss Criteria- $92.13
Option: $90 March/Apr-17 Puts
You can check detailed analysis on...
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 gets rejected from here on Monday
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
