DFS - Stronger than Composite Average, Above Volatility Range
Holding an overall investment the Asset Value at Risk is the worst scenario the price can reach, the worst loss at normal market conditions, before to consider managing the investment into the Balanced Portfolio of Uncorrelated Streams.
Details on the chart.
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Educational Details
Modern...
Hello traders, DISCOVER FINANCIAL SERVICES is in a fake bearish configuration with a large volume of buy executed and a bullish shadow of sellers. On the TIMEFRAME 1 Min we observe a collapse of the price and heading towards the last precedent lower. Who is in the bullish gap then start to rise again with great likelihood of filling the bullish gap. And go to the...
Symmetric Triangle Could break down vs up, but overall, this chart looks bullish. If it breaks to the down side, targets are 47.7 43.2 33.4
Stop under C
Not a recommendation
With current stretched valuations, I am avoiding any positions that require 2+ weeks holding to play out. DFS is trading on support with earnings this week, consumer discretionary is the best performing SP500 sector, I am looking for this to show in discover. While American express and now even Mastercard are being dropped by large vendors due to higher fees...
Descending triangle could breakdown further. Technical breakdown.
Shorting with a $3 stop following my ATR on the daily. Looks good I will remove half my position at 47.53.
Then hold.
Good dividends (why I bought and am keeping them). I believe we will continue to see an exponential recovery and then once it is back in its normal price rage a very slow growth but still a growth. I would recommend buying anywhere in the 60 range before it jets to 80, however, it will probably coast after that.
Coming off of all-time highs of about $93, the heavily discounted price of $47 seems appealing, and coming up on some strong support while filling this gap will probably lead to a steady growth for the long term.
I've been reevaluating everything based on P/E ratios. Its possible to "trade" based on Price to Earnings Ratios.
Price to Earnings Levels for Credit Cards seems to be low?
For some reason I am even afraid that the P/E ratios are "too high" at 8 or 10?
The entire stock market SP 500 seems to be "slowing down" in the last few weeks? And its possible that...
DFS 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...
