Last time AXP stocks were caught in the middle of a rising trend. Any moves involving short and long positions had the risk/reward ratio totaling 1/1. This means investors did not have any right to make mistakes, which is inconvenient, as we are not magicians and are supposed to find out the optimal risk/reward ratio. So investors had nothing to do but to wait for...
as you can see we are near support area and we have long time divergence which may cause increase the volume in the market and increase the price I think we could enter to low risk long position. it's better to break at least a last swing in lower time frame.
With 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...
The second failure of the week on NYSE is AXP. The security is trading between the support level at USD 79 and the resistance level at USD 104. But I’m still upbeat. But the question arises, whether I will manage to close a deal this week or not. But the ability to wait is also a valuable asset, isn’t it? So please back me up: s30037364671.whotrades.com
Reddit Blank On $V & $AXP vs $BTC & BTCCNY. This debate has been going on for sometime now yet no one has made a chart of how things really look, lets say against the 200MA. I find the compelling reason for a vendor such as $AXP to adopt crypto-currency more compelling than $V. Number one they have participated in such conversations with the field of experts...
American Express Co is at the crossroads. Now thee share stopped in the middle of ascending channel. It is a very precarious position, but considering
behavior of indicators, absence of divergences and the breakout of a short-term downtrend, I would stake on the upward movement and growth to the upper boundary line of the specified channel.
My forecast...
Yesterday's correction failed to turn into a renewed uptrend, but today the chart suggests that Amex shall try again to reach the previous high as there was no new low and yesterday's red candle seems to be the correction of the correction only.
Following up with the sell-off up til 15 Oct, when AXP make a price lower low, i had posted a bullish divergence on RSI & MACD. My long was triggered at 79 but price dropped to 78.35 before rebounding to 90 at the channel top! Took my profit @ 90.44.
Given that it was a DOJI close on channel top, chances are the price movement has exhausted somehow, though not...
