HotForex
Long

AXP Approaching Support, Potential Bounce!

NYSE:AXP   AMERICAN EXPRESS CO
AXP is approaching its support at 100.78 (100% Fibonacci extension , 61.8% & 50% Fibonacci retracement , horizontal swing low support) where it could potentially rise up to its resistance at 105.12 (38.2% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
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