Technical Analysis Of Capital One Financial Corporation

May 17, 2023 at 6:45 AM EDT

Looking at the COF‘s chart, we see that yesterday its share price jumped from around $89.10 to around $94.45 due to the announcement that Warren Buffet made near $1 billion investment in that bank.

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Today’s instrument is Capital One Financial Corporation whose stock is traded on NYSE exchange under the ticker COF.

Looking at the COF‘s chart, we see that yesterday its share price jumped from around $89.10 to around $94.45 due to the announcement that Warren Buffet made near $1 billion investment in that bank.

After the news cooled off, it closed to the last traded price of around $90.95 which is also the support level. After that correction, today, we should expect it to be traded above the level of $91, and it could rise towards the resistance level at around $93 if it is able to break through it, then it might test the next resistance level at around $94.50.

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AAATrade's Intraday Technical Analysis of Capital One Financial Corporation. - 17/05/2023

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