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American Express Company
Long

AXP Multi Month Cup and Handle Breakout

12
AXP has been on a monster bull run and the strength continues with positive technicals all around.

  • Cup and handle has broken out and is consolidating around the $340 level. While momentum is slowing down we are setting up for a strong push with seasonality + rate cuts as tailwinds
  • Target is +18-35%
  • Option contract for Nov 21 up 100% already and I will be upping sizing with a daily close above $340
artashesk
Also on:
AXPbankingChart PatternsfinanceTechnical IndicatorsTechnical AnalysisTrend Analysistrendtrading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
AXPbankingChart PatternsfinanceTechnical IndicatorsTechnical AnalysisTrend Analysistrendtrading
artashesk
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.