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Capital One Trading Analysis (22/05/2024)

22.05.2024

Market Review

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

Capital One stock Price Chart as of 22/05/2024

Trading idea:

Buy when the formation of the ascending wave structure begins.

Stop-Loss at 139.90.

Target price levels at 142.90 and 148.85.

#capitalone #stocks #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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