AXP is one of the Dow30 components.
If the channel is drawn correctly, topping process could be in the making.
Although DJIA is still making all time high
Estimated AXP can push upwards towards 185 - 190, stabilizes and retrace to ~140, and if 140 fails to support, next level is around 95
Worst case scenario will be 65 which is highly unlikely
It is purely my...
The technical figure Triangle can be found in US company American Express Company (AXP) at daily chart. The American Express Company is a multinational financial services corporation best known for their credit business. The Triangle has broken through the support line on 14/08/2021, if the price holds below this level you can have a possible bearish price...
Closed Below 50 ma today but bounced off trendline (Yellowline ).
Has been trading inside this many channel (Purple lines) ever since its last earnings.
green lines -Long targets
Red lines - Bear targets
Short entry - Below 165.41
Tp #1. 159.62 (Fib support , 100ma daily, 20ma weekly)
Tp#2. 154.94
Long entry - If it bounces off yellow trendline id go...
- Nice move and hold support $150 if we keep holding $150 we will breakout 52 weeks
- chart have nice setup $155 - $160 my target love to play AXP always risk reward stop loss under $150 when you trade AXP look the price action easy to expect next move with small time frame
- iam not finical advisor
GOOD LUCK EVERYONE
AXP seems to have formed a bull flag while pulling back. Price was recently outside the bollinger bands set on an 80 moving average, which is a bullish signal, but price is drawn back in to the bollinger bands as a rule. Bull flags are formed in a pull back but I have seen them break to the downside recently. Any pattern can fail.
Price did not close over long...
