Capital One Financial Corp. Stock Code COF.NYS
Outlook
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.
Strategy
$157.90 Buy
$168.70 Price Target
$151.70 Risk Management Stop
3 weeks Trade Duration
