American Express's stock (AXP) rose in the intraday levels, touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term, while the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the first support at 142.72, provided the resistance of 153.84 holds on.
Spent the last 5 weeks trying to break the 100sma (orange line) with no success. Broadly, it has been trying to break the 50sma (teal line) since June/July! Now both moving averages are converging.
It'll be important to see how this weekly candle close. If it resembles anything like the tombstone doji that we see now during the mid-week, it will likely fall.
Over the past year, many American Express Company insiders sold a significant stake in the company. The biggest single sale by an insider was when the Chairman & CEO, Stephen Squeri, sold US$8.6m worth of shares. Not only that but the company`s local unit in Australia (AmEx) was taken by the Australian securities regulator for a misleading credit card program.
The...
Hello dear Traders,
Here is my idea for #AXP
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support...
Hey all, I really like the look AXP is giving for shorts here. I would like it to get *slightly* higher, but I suspect it will when SPY reaches $389. I think this name is going to be a very solid short through November, and I am surely going to play it.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
seemingly the most support so far that ive seen, axp seems like a trooper and through the downtrend should sustain value pretty decently compared to the market as a whole. strong quarterly support below around 125 will most likely be tested, if it holds things are positive
Hey all, I'm not playing this name currently, but I have in the past. I'd look to either exit any AXP long or swing short if I were to play this name- it is backtesting a major trendline, is extended, and is now in a downtrend. This recent rally changes nothing technically- it is a bounce in a larger downtrend, and should present a solid shorting opportunity for...
The PEAD projected a Bullish outlook for $AXP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Hey all, I just bought some AXP in anticipation of a continued bounce. I think this thing will get up near $150/share, and possibly higher. My SL is at a new 52W low.
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
So much for stock selection, American Express ( AXP ) was the first stock on my list, even above AAPL , and...
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products;...
