Series of LH and LL on daily chart. Now there is also a LH below the declining 5 VWMA, so i think is a low risk entry point with a mental stop above the prior high and the 5 day VWMA on intraday chart
I will use daily/60 min correction from low, after strong gap up, for selling possibility. For start it will be day trade wnd 60 min small consolidation and range can help us with trading plan for that
Nope, probably not.
The weekly chart on the left shows a nasty topping pattern, a weird H&S. However, the bearish picture is not sustainable, as the indicators are very oversold, while we are still in an uptrend. Climatic action on the Force Index, climactic volume for the previous week on the volume bar. Price also stands at an important support area, and the...
A classic false break setup.
The fundamental information supports a bullish bias from here.
We have the w1 chart bullish also:
Fundamental review:
***************************
"We rate AMERICAN EXPRESS CO (AXP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The...
