AMERICAN EXPRESS with conservative SetUp68.10 Yearly High 2016 @ 1st Trading Day this Year
64.04 100 SMA
62.69 200 SMA
62.33 low after break out of trading box
61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year
buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even above 62.33) too.
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
AXP
AMERICAN EXPRESS @ 15 min. @ this week, next week into ChristmasBreakOut 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 zone incl. next week - above last OuBreak)
73.05 - 72.65 AXP green box (superordinate price zone - after last OutBreak)
72.67 - 71.18 AXP yellow box (actuallity price zone this week - under last OutBreak)
Don`t jumpt behind the prices, like a missed bus.
We`ll see prices between 73 & 74 AXP surely next week.
And from this point of view, even based on this conclusions, i am still prefering the long side.
But even conservative - contrarian buying opportubnities - cause the fundamentals are strong also.
And this means, at least my opinion, buying the dips into christmas and year end. `Cause the high of 2016 was by 68.11 AXP and this was the 1st price 2016 - even opening price`16. All in all around 10% in 2016 should not make the market euphoric - like the whole financial and banking sector. `Cause we, all market particpants (traders, watchers, analysts, etc. etc.) have the so called crises since 2008 still not surpassed. At least price technically - even far away from new highs like JPM Morgan for example ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AXP: Triggered a bi-weekly uptrend after earningsAXP has a very interesting setup here, and it appears it can rally strongly over $80 from here.
The setup is a bi-weekly 'Time at mode' uptrend, so we can enter longs at market risking a reasonable $4.59 per share, for a total of position of 3.5%-7% of your capital (no need for a stop loss).
Good luck!
Ivan Labrie.
AMERICAN EXPRESS @ 30 min. Chart @ Outbreak still shiftedactuallity basic downside trendline
66.71 (08.09.16) start of the actuallity downside trendline
66.09 (12.09.16) end of the actuallity downside trendline
63.90 (23.09.16) where the extended trendline was on last trading day
63.85 (23.09.16) Friday (last trading) Closed
66.09 (12.09.16) based on actuallity downside trendline (end of the actuallity down side trendline)
64.13 (05.08.16) based on actuallity downside trendline (1st low of trading range in an higher broader trading zone)
65.08 (22.09.16) 1st target after false breakOUT of the actuallity downside trendline
trading range in an higher broader trading zone
66.28 (23.08.16) 3rd high of trading range in an higher broader trading zone
66.25 (08.08.16) 2nd high of trading range in an higher broader trading zone
66.09 (12.09.16) 1st high of trading range in an higher broader trading zone
64.13 (05.08.16) 1st low of trading range in an higher broader trading zone
64.41 (16.08.16) 3rd low of trading range in an higher broader trading zone
64.52 (08.08.16) 2nd low of trading range in an higher broader trading zone
64.57 (09.09.16) 4th low of trading range in an higher broader trading zone
63.85 (23.09.16) Friday (last trading) Closed
higher broader trading zone
66.70 (08.09.16) 3rd high of the higher broader trading zone
67.33 (21.04.16) 1st high of the higher broader trading zone
66.58 (07.06.16) 2nd high of the higher broader trading zone
63.85 (23.09.16) Friday (last trading) Closed
63.16 (16.09.16) 3rd low of the higher broader trading zone
63.18 (02.08.16) 2nd low of the higher broader trading zone
62.88 (21.07.16) 1st low of the higher broader trading zone
high of the higher broader trading zone
63.96 (23.09.16) 100 Daily SMA
63.85 (23.09.16) Friday (last trading) Closed
63.41 (18.08.16) Golden Cross BUYING Signal
62.51 (23.09.16) 200 Daily SMA
63.38 (20.06.16) high before BreakDOWN & trend-reversal-formation
63.27 (23.06.16) high before BreakDOWN & trend-reversal-formation
62.30 (19.05.16) low before a trend-reversal-formation was created (while june & july)
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
AXP - still showing strength.I was closely watching AXP after it was previously rejected at the 200 MA, however the drop didn`t really go far and it seems as if strong hands are still supporting further gains. Look for this gap close around 66.42 USD & then possibly still further upside.
P.S. Congratulations to all followers who participated in BABA after my call-out :-)
DOW JONES OVERVIEW: AMERICAN EXPRESS RISKS TO TAG 5-YEAR MEANAmerican Express has fallen below 1st standard devations from quarterly (66-day) and yearly (264-day) means, thus entering short term downtrend
Price is also trading within 1-st standard deviation from 10-year (520-week) and 5-year (260-week) moving averages, meaning that it is in lateral trend on long term basis
If the short term downtrend holds (price trading below 76.4-77.1 levels), there is a high probability to tag 5-year mean at 75 level
Scenario is canceled, if price returns to trend on 10-year basis by spiking above 1st standard deviations from 10-year mean (above 80)
AXP Long Trade Plan Based on DemandWith the S&P trending up and at weekly demand and AXP basically
mirroring it, having pulled back to an objective level of weekly
demand from the pivot low in mid oct 2014 where price
rocketed off. I am hoping that there will be some unfilled
buy orders or a large enough supply/demand imbalance to push price
higher. My entry on this trade will be a tick above 82.35.
Should it trigger I will use a time stop as IMHO if momentum doesn't
step in shortly it probably isn't there.













