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nexxtrade
Jun 22, 2022 1:17 AM

REVIEW $AXP Short

American Express CompanyNYSE

Description

Bearish

Fundamental
- Funds are distributing
- Decent fundamental / earning / EPS

TA
- Momentum theory divergence - first sign of warning
- Price broke below 2 years upward trend rejected
- Price broke below neckline
- Price rejected prior 0.5 Fibo = strong existing trend to the downside
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