Today I added $COF (-1,69聽%) to my portfolio after the stock reached the 23.6% Fibonacci retracement level.
Capital One is one of the leading consumer banking and credit card companies in the United States 馃嚭馃嚫. I like the combination of a well-established business model, strong brand recognition, and exposure to long-term consumer spending trends.
The short-term direction is impossible to predict, but from a long-term perspective, the risk/reward setup looks interesting to me.
Looking forward to seeing how this long position performs in the coming months and years.
#trading
#long
#bluechipfibonacci
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#banking
#financialstocks
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#mikeupegui
