More sell signals on the daily chart. This time there were many over the past few days for American Express. I was hesitant to call this one a sell after its activity on Friday, but the historical statistics agreed there is plenty more downside. This downside coupled with multiple agreements throughout the rest of the U.S. overbought markets further helped...
Description of the analysis:
American Express co. (AXP) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was...
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I'll give my technical and fundamental view briefly;
- After the sharp drop from February highs AMEX has under-performed the market - dipping ~51%,
- This compares to an over 80% drop in 2009,
- The dip was followed by the formation of a rising wedge, which normally indicates continuation of the trend preceding the pattern (which...
I feel in this time, it is important to document.
With that being said, I have always felt in the past I was always calling the bottom.
With this chain of posting I will post my thoughts on what I think the bottom will be.
Most companies are over sold and over leveraged.
Hope this finds you well.
Disclaimed - This is NOT...
American Express patnership will boost ripple in next days
The Market pressure of the cross still positive (+5.9) and the bounce on the supporting trendlines can be the impulse needed for the boost to target price 1 and next to the second one.
This analysis is based on market pressure for a complete list of market pressure visit my twitter profile.
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91.
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price...
On May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to...
$AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level.
For now, American Express looks like a good short.
BreakOut yeasterday - earlier as excepted ...
I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ...
74.18 - 73.05 AXP grey box (price...