COF trade ideas
Capital One Long if Ichimoku clud in the 4 hour chart resistNice ascending channel since January lows, if it holds this trend line and stays above the ichimoku cloud in the 4 hour hour chart I expect a 95$ target in the short term. It also depends on the performance of JP Morgan tomorrow since it will give guidance to the banks. I like Capital one because is a mix of Fintech with banks so it have better prospects of doing good in the future.
RetracedWe saw a short term retracement of the rise from 79.42. This has endet now. And as the previous high at 80.60 has been exceeded already a continuation of the rise seems to be more likely now.
Wells fargo market structureThis is just a quick one.
They recently had several billions dollars in money laundering violations and fines. The big red candle was the resulting sell off. it sold off to exactly the 50% of the last low.
the "bounce" from the over reaction is already at the 50% fib, which is usually where i would look to take off a short term position
For now and without researching more current business prospectus , i would watch to see how either the near term order blocks behave.
no clear trade on the high time frame.
stoch is indicating an attempted reversal but that could be in reaction to gain mentioned above (as the sell off was is what caused the resulting signal line impulse to the lower level.
$COF - Financials in general just... weak For me, and only using 2018 as a reference - the financials have 100% been a leading indicator for the market. If you don't agree - you can peep my $GS post from August 2018 because there really isn't an argument. Seeing as each chart I've looked at has just about the same correlated pattern - just decided to post the one with the best R/R. Without even forecasting some crazy bearish move - even a -4% move could seem like a "pullback" to bulls or the start of another December for bears. Either way - I don't see a way out of this one for $COF without touching a PT of mid $76.There's plenty out there to be bullish on but, I'm just not seeing it with the financials rn.
***Nice short candidate***Sell short below yesterday's low. See the chart for more details.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
DMI COF Jul-Sep 2013CALCULATING +DM and -DM
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Up Move = today's high – yesterday's high
Down Move = yesterday's low – today's low
if Up Move > Down Move and Up Move > 0,
then +DM = Up Move, else +DM = 0
if Down Move > Up Move and Down Move > 0,
then −DM = Down Move, else −DM = 0
CALCULATING +DI and -DI
=======================
+DI = 100 times the exponential moving average of +DM divided by average true range
-DI = 100 times the exponential moving average of -DM divided by average true range
COF - Long IdeaWith markets resuming their uptrend and S&P/DOW playing catch up, financials/banks might get a push. COF looks ready for a breakout.
$COF Downtrend Breakout and Retest$COF Capital One appears to have broken through resistance. Possible medium term targets on chart.
COF: going long again.Was stopped out after previous post at 92.1. Now getting support at just about the level I have labeled "1" at 88.24. Some increase in volume last few days with a potential bullish diverge in the daily RSI. Going long again with my personal stop a close<88.24 My target highlighted. Process your way.
A possible long in COF if market continues to hold. I am primarily look at technicals. On this COF chart that I found I see it is creating a symmetrical triangle on the daily chart. The TTM Squeeze which is a momentum indicator is also increasing this could be a possible long if the market continues to hold.
Bank vs. Cryptocurrency #14 (COF)Read the past publication #13 (CM)
For example this stock now is trading above the 2007 highs this mean this is a leading company in this sector
This is complement of the publication #13
Same Industry different stock symbols, different prices, different PE Ratio, different Beta, etc
Variety of ideas for different tastes, styles of trading, capital, age, etc
COF Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 93.82 - 95.40 as previously being back tested.
We ll try to enter into the correction of the downtrend movement tracking trend oscillators as below:
CCI diverges the price crossing down the zero level as well as shown in the chart.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
COFCapital 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.
$COF hitting major resistance after bullish breakout $COF hitting major resistance after bullish breakout
