great trend, is this a temporary top though? hmmbeautiful breakout for COF but could be double topping here if 116 doesn't break. a couple outcomes, either it breaks 116 and we head towards 120-130 in the next month, or we head lower and enter on a 105-108 dip in the near future. be careful buying before the breakout confirmation ! and goodluck as always friends :) leave a like <3
CFX trade ideas
solid trend/52w breakout! good for sharesnice trend channel here and good risk reward with a tight stop, i wouldnt add calls since it rarely has a big green day. but its a good longterm hold imo. long 110 sl 89 longterm price target 150, feel free to comment below with any thoughts or questions and ill get back to you! :)
Capital One Set To Drop Capital One officially made it to my Monday watchlist. Bollinger bands are just starting to cross and a sell signal will probably be given Monday. Divergence is also growing on the most recent candles but still has room to increase. RSI is high and starting to trend down while the MACD is also starting to trend down.
Short Opportunity Here is an opportunity to short Capital One Finance. Here are the reasons why, enjoy.
1. Bollinger Bands have reached a high point and a strong sell signal is given
2. Divergence+ shows rapidly growing bearish divergence
3. Latest candles are far from the moving average but falling towards the MA to balance out causing price to drop
4. MACD shows bulls loosing steam
5. RSI is a high 68.23 making this stock overbought, this is a very high running RSI for this stocks history
6.Fundamental analysis: No matter the outcome of election or stimulus deal, Capital One is still overbought and investors will wait for price to drop before buying in.
COF LONGThis is my favourite set up for next week. Capital One delivered their financial report on 10/23 AH with a EPS surprise of 150% with good guidance. It gapped up from ER but oversold most likely to the market conditions 😢. Supports and RSI is holding well.
Optimal Entry ✅
A close higher than 73, if it forms evenings star I will not enter. ❤ support must hold. Will open a starter position when the set up looks right.
PT 177
PT2 80.5
SL 🧡 support level (around 69.5)
Contracts 📝
⚠ From the most risk to the least risk: ⚠
12/4 74.5/77.5c bull spread (net debit of around 1.33)
11/20 72/74.5c bull spread (net debit of around 1.15)
11/6 70/72c bull spread (net debit of around 1)
12/18 70/80c bull spread (net debit between 4-4.25)
Watch for the entry, if set up breaks don't enter. If it closes above 73 then I am very confident in this play. Manage your risk, let's make some greens from this red market! 👍
CAPITAL ONE FINANCIAL Opportunity DailyHey people, CAPITAL ONE FINANCIAL is in a bearish dynamic fake with a fable volume of chat carried out and a bear shadow. In the TIMEFRAME 1 Min we observe a rejection of the sellers on the shadow and the price collapses to go to the last low point and return to its rise. High probability of breaking the VWAP and going to the next high. And on the TIMEFRAME 4H the option will try to fill the bearish gap but not enough buying force at this time.
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Capital One -- Not in My WalletAlthough Capital One is involved with more than consumer credit cards, it doesn't feel like a great place to be with record unemployment -- while unpopular, I am taking the gamble that the longer term trend is closer to '08 style credit crisis. The indicators line up, as well as the exact price levels. If this sells off (starting with poor earnings next week?) and was to do an exact length match to the bottom as in '08, it would be 17 monthly candles, or in this case roughly December 2021. COF broke through its 200 day moving average, and I don't see the earnings impressing.
Ascending Triangle - Daily ChartYou can see an accending triangle forming. Best entry position here is mid-bullish engulfing pattern. We'll keep an eye on this pattern and look for an entry signal. Just another stock option strategy used a stockkingoptions.com NYSE:COF where we'll look to call a trade in one of our Trading Rooms.