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CAPITAL ONE FINANCIAL CORPORATIONCAPITAL ONE FINANCIAL CORPORATIONCAPITAL ONE FINANCIAL CORPORATION

CAPITAL ONE FINANCIAL CORPORATION

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COF trade ideas

032. PIGGISH PLAY - Short Capital One Financial Corp. (COF)Capital One is a well-known banking-focused financial services company that has improved its operations a bit as of late. Their earnings have been better than in years past and I'm super happy for them. What they have not done: anything that warrants any part of the recent eye-popping share price appreciation. The real value that I see in Capital One's current situation lies in its C-Suite propensity to initiate personal stock distributions at exactly the worst times in terms of killing its own stocks price momentum. I hate when companies do this because it sort of admits an overvaluation without directly saying so. In any case, the chart's technical picture is fairly clearly pointing towards a defined move down that captures many points/share in a small amount of time. This is most definitely primed for a speculative put pig-play. Lately, the market's choppiness has not provided a reasonable environment for short-term speculative calls and puts. For those that have tried using these as a primary vehicle to trade over the past two months, you are probably still pissed at the "glorious" breakout opportunity that teased you for days in a row. Market's been rather horrendous recently, but it is that time of year. On the bright side, things seem to be opening up, especially on the put side of things. Crazy as it sounds, you're better off at this point looking to short as your default position until an uptrend establishes again on the broader indices. If it does not soon, a crash of varying magnitude and duration will ensue. On the even brighter side, this play is likely going to pan out irrespective of the broader market's decision, so see below for the Pig Specs: PIG SPECS: BUY LONG PUTS - 55 STRIKE, 9/17/2021 EXPIRATION ENTRY PRICE: Ideally above 168; Anything over 165 will still work though EXIT: A clearly defined confluence of support lines that will start to manifest their presence as price heads down towards the 120s. REASONING: With the contracts still trading at a bargain (as of Friday), you can purchase a relatively high number of these particular contracts above. The reason this is great news is that you can play these multiple ways and take on different forms of risk. For example, with a strong support confluence, you may miss the chance to sell into peak momentum on the first run down. Since you have a lot of these to play with, you could play it safe and sell the initial bounce off of this area for a very nice profit, rather than hope to get close to that area again before expiration. Similarly, if you catch the optimal momentum selling point at its earliest juncture, you can hold a set amount with the hopes that it completely breaks through due to extreme initial momentum for a major bagger. The possibilities of this trade are only limited by your ability to be creative, which in this case, is my ability to be creative. The moral of the story is that Capital One is a banking stock that is trading in the realm of price to sales multiples more akin to the meme stock family, bitcoin, spacs and all other forms of a healthy economy. -CapitalPiggishment NYSE:COF NSENG:NSEBNK AMEX:XLF SP:SPX TVC:IXIC TVC:DJI CURRENCYCOM:US500 CURRENCYCOM:US100 CURRENCYCOM:US30
NYSE:COFShort
by UnknownUnicorn5511258
3
Ascending Triangle Breakout & Re-test COF recently broke out from an ascending triangle pattern and established a new higher high. So what's next? I expect the price action to return to the previous resistance zone (highlighted in yellow) of the upper ascending triangle and find this zone as support, in turn establishing a new higher low. Long lower wicks on the 4H and D candles as the price enters this key area is a signal of bullish support, thus complimenting my thesis. I'll also be looking to achieve a fib retracement between 50 and 38 in addition to the 20, 60 and 120 MAs in sequence. The ultimate entry indicator for this set-up is for the price to stick above the 20 MA as the price enters the 50 and 38 fib retracement level while also entering the support zone. RSI will typically be between 60-70 during this period too and is another supporting technical indication that the support level will hold. COF is in an uptrend supporting the swing long decision, always trade with the direction of the overall market. Plus healthy fundamentals and general economic market conditions, there's plenty of support to suggest COF will be prime for a swing long position by the end of the week into next week. I'd look for an 8-11% increase from the support zone with a stop loss placed below the ascending triangle structure, aiming for a 1-3 risk-reward ratio where possible.
NYSE:COFLong
by LewisDicko
COF - chance to long at discountThe market's recent worry about inflation apppears to be overdone. In fact financial sectors could stand to gain from any interest rate hike .. COF had gapped down into the 50% fibonacci retracement level last Friday before closing with a small doji/pinbar. This coupled with a potential bullish divergence between price and RSI and a confirmation as it staged a steady rebound when market opened today. I went long this morning with the expectation that it could revisit it's recent high of 168, however, I will be protecting any profits with trailing stops as the market is on tenderhooks lately and any piece of new info could derail the market all too quickly. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:COFLong
by Juliac
Shorting COF AgainI have a watchlist of stocks that I go through and find the stock with the greatest probability of reaching a certain price based on technical analysis. Based on the indicators I use, and candlestick trends. I see COF dropping again. $128 might seem like a cheesy prediction, but that is just the put I bought. It was almost $130 a share when I purchases that put today. However here are my reasons behind shorting this stock. Again :) Sell signal on guth 3x confirm Double Sell signal on D+ which is so accurate cost a subscription, D+ also shows high amounts of bearish divergence as indicated by the red cloud above the candles. Weakening bullish divergence as indicated by the MACD RSI 58 which is on the higher end for this stock Room to fall as indicated by the Kurotoga cloud which acts as a base for support ( the teal cloud under the candles ) Like if you agree that COF can hit $128 or lower this week, and comment your favorite stock below you want to see me add to my watchlist. I will be picking 1 stock a week to short or go long on. Happy trading!
NYSE:COFShort
by Myantman101
5
Perfect Short Opportunity 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.
NYSE:COFShort
by Myantman101
7
Capital One (COF) Bullish ContinuationLast week, Capital One restored their quarterly dividend to pre-COVID19 price levels. The company announced a quarterly cash dividend of 40 cents per share, up over 300% from the prior quarter. The dividend will be paid out on March 1st to shareholders of record as on February 17. The development excited investors enough and pushed Capital One shares to a new 52-week high of $115.50 at the beginning of the NY trading session on Feb 5. With that said, further upside is expected. Daily timeframe shows a nice bullish gap to the upside refueling bullish optimum. ---------- "Always prepare yourself for the unexpected turn." Paul Forbes - Managing Partner @ LEFTURN Inc.
NYSE:COF
by paul_forbes