Financials have been coming to life recently, and soon it could be Discover Financial’s turn.
The credit-card issuer has squeezed into a tight range since late summer. The result was an inside week (begun October 4) and then an outside week (begun October 11). That may suggest it’s starting to break out.
Next, you have the downward sloping trend that began on...
No doubt in my mind that Discover will hit $125 this week and go beyond based on trend analysis & my favorite indicators.
In this chart you can see higher highs and higher lows.
Have questions? Comment below
Consider the current economic environment, FED would prefer to increase the interest rate earlier than expected. I consider it is a good time to buy the dip.
DFS just came off an earnings beat
ascending triangle breakout target is $120
but i'm looking for over $110 bc i wanna keep it short term
this is great tho good value and growth as well as chart
clleeeaaannn
low open interest on the contracts no one is really looking at this
Bullish on DFS for earnings. People often ask me how in the world I trade with no indicators. I use a combination of portfolio management, economics, fractals, inter-market analysis and Elliott wave. Most indicators are lagging and only tell you the pattern after it has formed. The inter market analysis allows one to ascertain the general direction of the markets....
While not really low-risk, high-reward, DFS did retest its old pre-corona high as support over the past few days-weeks. Since this level held, price-action could see the top of the channel next. Targets at the 1.414 and 1.618 Fib extension to keep a 3:1 Risk-Reward. Weekly MACD close to going negative, so watch out with position size.
This is one of multiple possibilities and I will only be following through with one as price and timing has to be perfect. I love this opportunity as the Bollinger Bands have met a bottom point signaling a buy opportunity. Also the most recent candles have fallen deep into support territory and with the divergence indicator you can see that there is strong Bullish...
Strong weekly close above .618 RT. If it holds the 618 odds are increased greatly for run to .886.
Long above box. Play dead below box unless it reclaims.
First target is $68.97 (Feb 26 low).
Second target is $73.96 (Feb 24 gap).
Nice long base could mean a big move. Got a few upgrades this week. JPM --> $70PT.
I am a rock hard bull on this name.
