HotForex

AXP Approaching Support, Potential Bounce!

Long
NYSE:AXP   American Express Company
AXP is approaching support at 100.18 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 104.78 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 8.06% where a corresponding bounce could occur.

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