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. A truncated bearish wave pattern has concluded with a breakout of the trend channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy on a breakout above 208.58.

Stop Loss: 205.14.

Target levels: 212.73; 220.70.