AMERICAN EXPRESS CO

NYSE

AXP

Well, I am front running this with 8/10 confirmation. For low-risk trade please check my other post.

A/D Divergence.

W Chart RSI <20 PA consolidating around 122 right on mid BB%. Level. Looking for Reversal to mean higher. Taking 121/120 Put Credit Spread. with 123 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISK

Throughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over.

The earning season already take places! Let's check out the major names that will have their earning report this week with me yo! Mon: C Tue: GS, JPM, JNJ,WFC,UAL, IBKR Wed: ABT, BAC, NFLX Thur: MSFT, MS, UNH and I got only 20 minutes so I didn't record down Friday names like AXP, BLK, and SLB! Let's see how they go this week yo!

Sometimes a bearish wedge cannot describe how strong a market would be, but a banana shape could. The Banana Shape of MA+V+MSFT+CSCO+AXP described how strong the market was.

Insiders are bailing at a high clip...

Just tapped its 1.618 extension at the top of a multi-year TL top... Bearish divergence all over the place on the daily, weekly, monthly.

On the current up move from the Dec 2018 low, AXP has continually used prior resistance as support to push higher: the move in late March from around $108 to $120 moved off of the Feb highs and the current leg from $114 to $125 used the mid March highs as a starting point. Currently, AXP could be bouncing off the May 22 high around $121 in an effort to move...

AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.

Due to the strong move in NYSE:AXP in 2019 it has now reached its analysts average price target, this makes upgrades very possible in the days to follow. From a technical view the chart is perfect, with a strong uptrend and a major breakout completed, indicators are all bullish and buy volume is dominant. This stock is a ideal inclusion for any portfolio and long...

RSI Overbought-ish. Not a fan of where the MACD is right now on any time frame, however this trend line is strong. 3 rejections, 2 involving either wedges or triangles. One Dec fear sell off. Good chance this could burst through the trend line, but with June 7th 117 puts at $82.... Kinda hard not to take the side of the proven resistance. HUGE risk. Potential HUGE...

***Needs some great news or else ABSOLUTELY bearish! Let's talk about it***

I'm expecting a few days of buyers here. The top at $119.33 could be resistance, but we could go a little higher. RSI pretty heavy, MACD flat for now. OBV is flat, Accumulation/Distribution is bullish. I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10...

AXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.

what goes up, must come down.

AXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from $2.75B to $6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa. It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross...

Possibly. price has completed first wave up, now it is time for a reasonable correction in the second wave, before the trend will resume.