Technical indicators signal a Rounding Bottom forming. Verify the setup on the chart.
Gradual reversal from bearish to bullish.
Traders are watching Capital One (COF) as price action tightens. Price has moved to $199.84 (1.16%) amidst recent volatility. The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 31.5/100, suggesting moderate momentum. A potential breakout level is identified at $200.76, targeting $226.54 with support near $187.87 (R:R 2.0).
What is your outlook on COF?