Pure technical analysis during a fundamental period of time where market is due to correct.
RSI: 65.51 ( high ) near 70 which is extremely overbought and I believe we can see the RSI hit 70 today
D+: Sell signal!
MACD: Shows weakening bullish volume
3x Confirm: Close to initiating a sell signal
Plan: I see Capital one nearing $125 tomorrow before Fridays sell off leading to further decline the week ahead. I am giving COF 1 week to hit $122.
Will be buying puts.
RSI: 65.51 ( high ) near 70 which is extremely overbought and I believe we can see the RSI hit 70 today
D+: Sell signal!
MACD: Shows weakening bullish volume
3x Confirm: Close to initiating a sell signal
Plan: I see Capital one nearing $125 tomorrow before Fridays sell off leading to further decline the week ahead. I am giving COF 1 week to hit $122.
Will be buying puts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.