I am not licensed or certified by any individual or institution to give financial or investment advice.
I think American Express could be in a possible roll/consolidation. I have my horizontal Resistance and Support drawn with the orange lines. Key takeaways are the S&P 500, Nasdaq, Dow (to which AXP belongs), and Russell 2000 are all at Uptrend Resistance; and...
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...
First of all we will need a closure between this area (110.60 - 115.90)
If we achieve a closure above 115.93 this month we can easily target 140
After hitting target we will consider closure or add more to our position.
AXP breaks the pennant with the chance to go up to $ 122.XX
EMA20 crossing 25, 30 and getting close to 35
Not in the chart:
- RSI14: 66.27 RSI21: 59.06
- %B: 1.14 maybe oversold for a while
This is not an investment advice of any type.
Looking at the daily time frame of AXP, I'm seeing an ascending triangle or possible wedge depending on whether you tightly follow the wicks. Recent rejection from the 55 MA and slowing volume could suggest it will continue sideways, having seen a lot of movement around the 0.236 Fib ratio it's entirely possible it hangs around here for the short term. Definitely...
AXP is looking prime to break through the other 3 out of 4 resistance levels drawn. If it doesn't lets look to see if it revisits support, if it goes below $80, which would be then 2/4 of the support levels broken, it would look to start to be a buy for me. Ideally I would love to buy this in the $75-$69 range if I was presented with another downtrend from AXP.