AXP - Up or down??American Express has entered a consolidation period after a double top, with a big bearish divergence on the MACD. A month ago, price closed below the 50ma which acted as strong support in the past, and couldn't get back over it and stay there. If we will see a strong breakout out of the rectangle, then that could indicate the next direction. My guess is that we will see a downtrend, but right now, except the bearish divergence we have no evidence of that, Time will tell.by vlad.adrianPublished 110
Xpress it...This one seems to be rolling over... The weekly is also very extended and rolling...Shortby steveoliveiraPublished 111
AXP forming a bearish wedge.A break of this line, sets up a test of the 70 level.Shortby chrisbrecherPublished 0