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...
A bearish swing trade? Bouncing of EMA10. Target is 1.2x
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%.
AXP Key levels, Analysis & Targets Time frame Week born Bearish Divergences in MACD & RSI Indicator
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here we see the failed accumulation phase after which a long failed rally to the top was formed after which we see a sharp rally down the zone testing
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...
| AXP | LONG @ 192 - 196 | TP @ 198, 200, 202, 204, 206 | SL @ 168 | PATTERN = ASCENDING TRIPLE TOP BREAKOUT | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
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...
A few key measures, and several types of PnF setups.
Shows breakout potential if it builds above 170 zone....might be good for another 100 pts or so.
IF it closes below 159, I expect downtrend to start and accelerate below 150. Confirmation is needed, but if the overall market weakness continues, or if the relief rally pushes up to ATH, this would be a good value on the short side.