AmericanSetup is giving a But Setup.. Details are on the chart.
Could go either way here, but i am swaying to the short side more than long! I will come back to this Monday Target 59-58.30 area Edit to add: I love this VPVR Indicator. Great visual
The weekly chart looks pretty interesting to watch for a move from Friday’s close that would be 14.07%. Keep in mind that this stock took a hit within 3 months. American Express is trying to make it back up above $74.76. I think that American Express will recover with 51 days when earnings reporting. The month started off in green a little resistance within the...
No shorts until break of ascending trendline. Upside targets - 70 or above
Long AXP if it trades at 66.00 or higher. If triggered, place your stop at 63.69 and exit the position for a profit at 71.50 or at your own discretion.
We were coming from 95 $ in late 2014. Now we see an attempt to retest the highs of at least December 2015. The overall trend is down. If this backtest fails we may see a sharp fall.
Caution is warranted for bulls, as the rebound in AXP has taken price almost to its first major target. Earnings were a positive surprise, but - as with all financials - we still have to watch if this is real buying or just a counter-trend rally.
Depending on the general market, further recovery in AXP off support at 52.00 USD could take it back to 65.00 and 67.43. Should we see declines in Indices I expect a sideways price behaviour in AXP, but as long as 52.00 USD holds I will be cautiously bullish.
fibs 50 % and monthly SMA should hold around here for longer term entry, smaller size due to stop far
Depending on general market conditions, AXP could drop further
American Express has fallen below 1st standard devations from quarterly (66-day) and yearly (264-day) means, thus entering short term downtrend Price is also trading within 1-st standard deviation from 10-year (520-week) and 5-year (260-week) moving averages, meaning that it is in lateral trend on long term basis If the short term downtrend holds (price trading...
AXP is below all moving averages of any significance