DFS in Rest Mode After a Breakaway Gap

Discover Financial Services (NYSE:DFS)

NYSE:DFS Discover Financial Services

Candlestick Analysis Chart Patterns Beyond Technical Analysis DFS breakaway gap restingmode consolidation Support and Resistance support previoushigh activity

candlestick chartpattern beyondta dfs breakaway gap restingmode consolidation supportandresistance support previoushigh activity

DFS had a tightly compacted consolidation, indicative of large-lot pre-swing activity. The stock gapped over the previous high’s resistance easily. It is now in a resting mode again. The stock now has support from the previous highs.

snapshot

Martha Stokes, CMT
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