AXP

AXP has broken through the topping candlestick pattern formation support levels. The stock ran down to a lower support level, then bounced up. Current support is weak to moderate.

AXP has had a slow downward rounding candlestick pattern as the stock slips down in price. The price has stabilized for the moment at a Topping Completion support level.

Throughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over.

AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.

***Needs some great news or else ABSOLUTELY bearish! Let's talk about it***

AXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.

AXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from $2.75B to $6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa. It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross...

AXP arrived at target, given the general situation of the indices this one has potential for a big move.

Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.

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.

AXP is approaching its support at 103.04 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 108.89 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 8% where a corresponding bounce could occur.

AXP is approaching its support at 100.78 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 105.12 (38.2% Fiboncci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.

Short based of channels and fibs My Entry: 108.61 (any entry over 108.00 is okay) Stop Loss: 113.00 PT: 70.00 area Risk/Reward: ~1:8 Not a high probability trade, which is why the r/r is so good. Trade should take about a full year, looking for about 50%. If I am wrong I should know relatively quickly.

American Express is in double bottom (b1 b2) , the neckline N of the figure has been broken. First objective is 112$

So far within the channel, especially with its ER approaching. However, once it loses key support levels, it's a long way down at a value.

It will goes up

$AXP is forming a bullish ascending triangle (similar to the $NKE break out pattern I posted last week) after a strong gap up a couple weeks ago closing at ATHs. Look for a solid candle closing above $102 for entry spot or a re-test and old of the $100 level. Target levels are 106, 112, and 126.

$AXP closed the day breaking through the intraday resistance of $102.15 on strong volume. Expecting another leg up in short term.