The American Express ($AXP) Main Trend is absolutely bullish, therefore we currently consider all descents as simple corrective structures of the trend in play. But why am I saying that? Because when you decide to take a position not following the trend, the risk is high, so logic tells us to use a smaller size, at least initially (...there's always time to...
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AXP American Express , I think we are going to strong bearish movement. If you are going to go short, make sure to place the stop above the previous rejection area . What do you think is more likely to happen? Please share your...
The technical figure Triangle can be found in US company American Express Company (AXP) at daily chart. The American Express Company is a multinational financial services corporation best known for their credit business. The Triangle has broken through the support line on 14/08/2021, if the price holds below this level you can have a possible bearish price...
AXP arrived at target, given the general situation of the indices this one has potential for a big move.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Short based of channels and fibs My Entry: 108.61 (any entry over 108.00 is okay) Stop Loss: 113.00 PT: 70.00 area Risk/Reward: ~1:8 Not a high probability trade, which is why the r/r is so good. Trade should take about a full year, looking for about 50%. If I am wrong I should know relatively quickly.
The market is overbought on weekly and it's close to overbought level on montly RSI as on daily chart we have a lot of closed long positions.
68.10 Yearly High 2016 @ 1st Trading Day this Year 64.04 100 SMA 62.69 200 SMA 62.33 low after break out of trading box 61.25 gap - while the sell off @ start of the year 58.85 gap - while the sell off @ start of the year buying trading capability above the trading range (58.85 & 61.25) - the lows in may and june/july supported the upside (even...
BreakOut yeasterday - earlier as excepted ... I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ... 74.18 - 73.05 AXP grey box (price...