Trading idea for Capital One Financial Corporation (NYSE)

Capital One Financial Corporation (NYSE)

#COF

The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. The downward wave pattern is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading Idea:

Buy upon the formation of an upward wave pattern where wave (A) breaks through the trendline of the truncated downward pattern.

Stop Loss: 200.30.

Target levels: 210.50; 220.70.