Freebie trade for everyone.
The major Support level at 1500 - 1500 is broken down. Price is finding extreme difficulty to break above 150. There were three gap-up attempts only to close red.
Bearish
Fundamental
- Funds are distributing
- Decent fundamental / earning / EPS
TA
- Momentum theory divergence - first sign of warning
- Price broke below 2 years upward trend rejected
- Price broke below neckline
- Price rejected prior 0.5 Fibo = strong existing trend to the downside
American Express Company, together with its consolidated subsidiaries (“American Express,” the “Company,” “we,” “us” or “our”), is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Our principal products and services are charge and credit payment card products and...
AMEX(NYSE:AXP)
A continued comeback in the travel business and solid buying trends among younger consumers helped American Express beat profit forecasts Friday. The company reported net income of $2.1 billion, or $2.73 per share, compared with $2.2 billion, or $2.74 per share, versus consensus of $2.40 per share. American Express AXP total revenues, +3.58 percent,...
AXP has broken the bottom trendline of a Symmetrical triangle.
Price has stopped at a prior bottom, for now. Time will tell if it holds.
The 50 SMA has crossed down through the 100 but not the 200.
Travel was doing well a few weeks ago. I guess almost everything is down today.
Price is below the bands set on 80 and RSI reads oversold.
The Cloud is not as...
Financial stocks have been pretty weak a while now with a few exceptions, AXP being one of the more resilient ones.
It has been testing a trendline support for the 4th time in the past 4.5 months and looking like a breakdown is near (in line with the overall bearish sentiment in financial stocks).
Should a close below 158 occur (ie breakdown), then the longer...
The PEAD projected a Bearish outlook for $AXP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 63.64%.
Oh yes!
Goals 151, 146, 140. Invalidation at 211.
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. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Bad week for AXP. Weekly RSI divergence forming as price is potentially putting in a double top at the 1.618 extension. Bearish below ath, looking for $157 next.
Double bottom into a bull flag. We should see a little pullback then another break towards ATH. If that doesn't occur look for the stock to fall to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines...
![AXP: [Freebie Trade ] American Express (AXP) (Short)](https://s3.tradingview.com/e/e9LUXHI2_mid.png "[Freebie Trade ] American Express (AXP) (Short)")
