Shorting COF Again
I 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!
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!
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