Trading Capital One Financial COF With Integrated Risk Controls

January 24, 2023, 20:10 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Capital One Financial (NYSE: COF) report below can help you, but we have more details too. The trading plans for COF, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for COF

• Buy COF slightly over 95.98 target 108.23 stop loss @ 95.7 Details

The technical summary data tells us to buy COF near 95.98 with an upside target of 108.23. This data also tells us to set a stop loss @ 95.7 to protect against excessive loss in case the stock begins to move against the trade. 95.98 is the first level of support below 106.51 , and by rule, any test of support is a buy signal. In this case, support 95.98 is being tested, a buy signal would exist.

• Short COF slightly under 108.23, target 95.98, stop loss @ 108.54 Details

The technical summary data is suggesting a short of COF as it gets near 108.23 with a downside target of 95.98. We should have a stop loss in place at 108.54though. 108.23 is the first level of resistance above 106.51, and by rule, any test of resistance is a short signal. In this case, if resistance 108.23 is being tested, a short signal would exist.

Swing Trading Plans for COF

• Buy COF slightly over 108.23, target 108.43, Stop Loss @ 107.92 Details

If 108.23 begins to break higher, the technical summary data tells us to buy COF just slightly over 108.23, with an upside target of 108.43. The data also tells us to set a stop loss @ 107.92 in case the stock turns against the trade. 108.23 is the first level of resistance above 106.51, and by rule, any break above resistance is a buy signal. In this case, 108.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COF slightly near 108.23, target 102.89, Stop Loss @ 108.54. Details

The technical summary data is suggesting a short of COF if it tests 108.23 with a downside target of 102.89. We should have a stop loss in place at 108.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COF

• Buy COF slightly over 108.23, target 108.43, Stop Loss @ 107.98 Details

If 108.23 begins to break higher, the technical summary data tells us to buy COF just slightly over 108.23, with an upside target of 108.43. The data also tells us to set a stop loss @ 107.98 in case the stock turns against the trade. 108.23 is the first level of resistance above 106.51, and by rule, any break above resistance is a buy signal. In this case, 108.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COF slightly near 108.23, target 102.89, Stop Loss @ 108.48. Details

The technical summary data is suggesting a short of COF if it tests 108.23 with a downside target of 102.89. We should have a stop loss in place at 108.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

COF Ratings for January 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	84.31
P2	101.70	102.89	95.98
P3	108.14	108.43	108.23

Support and Resistance Plot Chart for COF

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