I started a series with the TOP10 largest bank in the USA.
I went all the way through 8 and stopped... Let us finish now.
Capital One (COF) is the 9th largest bank in the USA, the chart is also bearish and has been bearish since August 2021.
This banking corporation as well as others have been going down for more than a year and the final phase of the bear...
COF is at a Triple Top here at $116.09. Take a BEARISH trade here. BUY PUTS. January 2025 Expiry. $115 or $110 Strike. With all the job layoffs and rising interest rates COF will have higher credit car holder defaults. Also a Head & Shoulders Top. Stop above $119.
The bowl formation is formed Let's look for closures where I specified with X.Targets are determined according to Fibonacci. Pay attention to the wedge resistance weekly.
This is for when market recovers i see 100% gains in this stock
IF PRICE BREAKS $73 THOUGH DONT BOTHER
I will post the list of stock that will beat and outperform this one
SENNA SEASON
The PEAD projected a Bearish outlook for $COF after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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...
Play Catch with Capital One NYSE:COF 's Falling Wedge!
You don't have to be athletic to play catch with Capital One's falling wedge pattern!
Pattern Identified- Falling Wedge pattern on the weekly and daily chart.
Play ball!
Sweet Peace,
MrALtrades00, Technical Analyst & Options Practitioner
The PEAD projected a Bullish outlook for $COF after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 88.89%.
nice dip entry here on $C✅F, rsi in oversold zone and lots of support coming in on the chart. We can target local and big resistance zones on this next leg up!
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...
