🏧 Focus on American Express Co. stocks. 23/10/2023

BATS:AXP   American Express Company
American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels.

Therefore, today, we focus on the American Express Co. (NYSE: AXP) stock chart.

On the D1 timeframe, resistance has formed at 154.79 without clear support.

On the H1 timeframe, if quotes return beyond 144.29, the short-term target for the price increase will be around 154.55; while in the medium term, it could reach 179.12.

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