I would consider adding even if we broke below green channel. I'd add at black trend line. 55.50 to 55.75. Stop Loss 55 Giving AXP a little more room to move as it's a quality name.
Looking for a entry as close to 58 as possible for a run up to new highs. 1st Target 59.50 (conservative target) 2nd target 62 (higher risk)
The trend for this stock is a rising one. The higher highs and higher lows, but also the trend line from the RSI confirms it. At the present moment we can see an triangle consolidation near the trend line, on the chart. This pattern is created in the 4th wave of this impulse movement. An upside break over 58.74(accompanied by an upside break om the RSI 56), would...