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DISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICES

DISCOVER FINANCIAL SERVICES

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DFS trade ideas

Looking at DFSDFS is fundamentally weak in XLF in the pandemic giving it's high exposure to personal finance. The first dip is already 0.236 fib line.... So I would use this fib level on leaders in XLF such as JPM as the starter to long. Undoubtedly banks suffer a lot from personal finance and commercial related loans due to COVID-19. But post 08/09 it's balance sheet was positioned for less leverage and has high reserve ratio. I think longer term they are not bad investment in IRA. But be aware that financials sector will be involved with everything crash, not matter who triggers it. So don't rush into it without a "vaccine".
NYSE:DFS
by Dllew2019
DFS buy on over extended sell offWeekly analysis: - Nice climatic selloff insanely huge volume on earnings day - Really good bullish volume at support around 75 (this volume is only 3 days in for this week) - Support at 75 is quite strong (many touches at key levels) - Weekly is still considered on a uptrend Daily analysis: - Nice void above, not much resistance to 2R - Spinning top followed by a hammer like candle. Both with decent volume (about double the average) - Hammer like candle also gapped up on open. Shows bullish commitment in terms of price Intraday analysis: - Two higher low - EMA sloping up Cons: - Candle is not a real true hammer as the body is about half of the candle size. - Candle is red. Preferably we want a green hammer as it has a higher strength. The reason why I still proceeded was because the hammer gapped up on open which sort of make up for the bearish pseudo hammer
NYSE:DFSLong
by zukedu
DFS - DAILY CHARTHi, today we are going to talk about Discover Financial Services and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Discover Financial Services if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice
NYSE:DFS
by Igor-Silva