Capital One Financial Corp. (NYSE) Analysis, Chart, and Trading Idea

#COF
 

The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading idea:

Buy at the breach of 95.15

Stop-Loss at the resistance level of 99.66

Target price levels: 90.93, 87.20