AXP | 70Min | 2% stock move up potential Long

American Express CompanyNYSE

Description

⋅ Nov 29, 2019 5:13 AM

Backtested 40 days to see how the price reacts when MACD bull crosses upward. All stock price moves around 2%.

If this holds true on this bull cross. price is looking to hit around $122.46

Using the RSI, you can get a better entry but MACD confirms the momentum change.

Good luck

Trade closed: stop reached

⋅ Dec 6, 2019 12:35 PM

Trade didnt go as planned. stopped out with loss

Comments

m4riovolp3

⋅ Dec 4, 2019 5:25 PM

I'm for a long. but see your self when:

whats your opinion?

OptionsUN1TED

⋅ Dec 6, 2019 12:34 PM

@m4riovolp3, man it dropped hard after this post. on the daily, price is above the 200ema. I think it goes up from here.

m4riovolp3

⋅ Dec 6, 2019 12:40 PM

@OptionsUN1TED, think it could power up again, mate

m4riovolp3

⋅ Dec 6, 2019 12:41 PM

@m4riovolp3, besides, their fundamentals looks good. I believe they could make it and reach new highs

OptionsUN1TED

⋅ Dec 6, 2019 1:06 PM

@m4riovolp3, it could but it's slow. theres other stocks like SHOP that have more volume and move faster than AXP. then again, I am an options trader