Julius2014
Long

AXP may be excellent mid-term idea?

NYSE:AXP   AMERICAN EXPRESS COMPANY
8 0 0
Last time AXP             stocks were caught in the middle of a rising trend. Any moves involving short and long positions had the risk/reward ratio totaling 1/1. This means investors did not have any right to make mistakes, which is inconvenient, as we are not magicians and are supposed to find out the optimal risk/reward ratio. So investors had nothing to do but to wait for further developments. Fortunately, the reading reached the lower bound of a March 2009 rising trend (around USD 80). If the gauge fails to push below this mark, it may attempt to reach the 161.8% Fibonacci retracement level, USD 100, or the upper bound of the March 2009 trend (USD 105). I believe this is an excellent mid-term opportunity. Stop loss suggestions are on the chart. You may allow for slightly more risk, but are advised against presuming risk will be lower than in my forecast.
Did you like the forecast? Vote for me at the link http://s30037364671.whotrades.com/blog/43677703199. If you did not like the forecast, let’s fight in a fair analytical battle))
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