Saturday, November 03, 2007

COF Analysis for 11.03.200707

CAPITAL ONE - COF

Monthly chart shows price below all key moving averages. Price is currently below key LIS of $73.50 area.

Weekly chart shows price below another key LIS of $69.00 as well as all key moving averages.

Daily chart shows consolidating range, with sellers gathering strength as the took the price down to test the $59.50 low. Look for further weakness and lower prices in the following weeks.

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