When I pick financial stocks, I always look the highs of 2007-2008
in a past post I comment about leading companies in a Industry and lagging companies in the same Industry
For example in my past post: Bank vs. Cryptocurrency #14 (-COF-)
I comment: this stock now is trading above the 2007 highs this mean this is a leading company in this sector
And in this post, this stock is trading well below the 2008 highs
But this stock have potential even now is trending the last year the stock went up 24%. and with the movement,
the price breakout a key resistance around 15.70 (Red line)
Now is testing a new support in 17.20 (Blue line) is a good entry point, is a retracement in a trend
I use moving averages. I interpret they in discretionary way
My Moving Average Set-up also confirms that is trending
in a past post I comment about leading companies in a Industry and lagging companies in the same Industry
For example in my past post: Bank vs. Cryptocurrency #14 (-COF-)
I comment: this stock now is trading above the 2007 highs this mean this is a leading company in this sector
And in this post, this stock is trading well below the 2008 highs
But this stock have potential even now is trending the last year the stock went up 24%. and with the movement,
the price breakout a key resistance around 15.70 (Red line)
Now is testing a new support in 17.20 (Blue line) is a good entry point, is a retracement in a trend
I use moving averages. I interpret they in discretionary way
My Moving Average Set-up also confirms that is trending