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Capital One Financial Corporation

COF to begin pullback around early June

By gnostication
  1. Credit card defaults are at all-time-highs
  2. This pump is heading toward over-bought territory
  3. The trend is downward (below both 50 and 200 MAs on the weekly)
  4. This is a pretty obvious "head-and-shoulders" formation in the making
  5. Still have downward pressure possible with MACDs, LuxAlgo, RSI and other indicators
  6. I anticipate it tops out at around $110 (also coincides with a fractal number and a MA) befor its sharp decent, around late-May/early-June
Chart PatternsFundamental AnalysisTrend Analysis
gnostication

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