CFD Trading – Buy Capital One Fin Corp. (COF.NYS) @$157.90. Stop @ $151.70 and Target @ $168.70.

Capital One Financial Corp. Stock Code COF.NYS

Price tested the cloud support on 3 different occasions and was able to hold above the cloud, keeping the uptrend intact. In the previous day we saw a strong candlestick follow-through from a Doji. This could be a signal of an acceleration of the uptrend. Conversion and Base lines are close together and a bullish crossover could be possible. Lagging Span is below price of 26 days ago but above the cloud, indicating a weak bullish trend.  MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $168.70 in the next 2-3 weeks.


$157.90              Buy

$168.70              Price Target

$151.70              Risk Management Stop

3 weeks              Trade Duration

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