NYSE:DFS is involved in a large downtrend, now is at the end of a correction bull trend, but is close to turndown. The price is close to test the 52 zone or 23.6 of her fibo and the 200 sma. i think the price can return over test the 200 SMA.
Setup: short
TP1: 43
SL: 53.2
entry: 52.5
This is intended to be a short term, because on the longer term time frames it is in correction mode.
Series of HH and HL on intraday chart
Rising 5d VWMA held support
Overal market - bullish
My Dad asked me to look at, and analyze the charts for $DFS today so, here's my take on DiscoverFS: Looking at the bigger picture, DFS has been on a great run with healthy pullbacks to keep it climbing. But as we all know it can't go up forever. So when does DFS pullback? Well, DFS has hit the 49.0 marker twice, but hasn't stayed long above which shows some solid...
