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.
Another short in the financial markets. Short term outlook only.
Immediate targets 159, 151. Invalidation at 214.
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...
Be safe.
Price has not broken neckline and the neckline is a strong source of support.
Once price has broken neckline, down targets may be valid.
If price breaks the neckline, then possible stop above the neckline.
No recommendation.
Megaphone pattern is a pattern that consists of minimum of higher highs and lower lows.
The pattern is generally formed when...
** Not financial advice, for journaling purposes only. please feel free to send me your analysis**
Options: 01/21 $160 @ 2.49
- AXP has formed a bearish pennant
- The last few days candle(s) are wicked down
- MACD curving down (D)
- TTM Squeeze (D)
- Price needs to cross 9EMA/200SMA and hold
We have to wait, in RSI level 50 with a strong upward break.
The trading volume should be equal to the average volume of 20 days or twice.
It seems to hit the bottom of the canal at $ 151.
The canal floor is a strong support for the share.
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AXP American Express , I think we are going to strong bearish movement. If you are going to go short, make sure to place the stop above the previous rejection area .
What do you think is more likely to happen? Please share your...
I must be losing it, time to go to bed. You see that 1k 2034 target idea!! We love debt but that's wild. Besides that, it broke out of the ascending channel, the next stop should be the top of its MACRO ascending channel. Should double in price. Cheers!
The technical figure Channel Up can be found in the US company American Express (AXP) at daily chart. The American Express Company is a multinational corporation specialized in payment card services. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The Channel Up has broken through the support line on 27/11/2021,...
AXP moves and forms new based at every 20$. i.e 90. 112,136,160,180, 200
It took 30-50 bars to move from 1 level to another.
Gap up and breaks 180 resistance after earning report.
MCDX Banker spike settling at 50%
Strong Uptrend, Bullish and Strong Bull.
Plan:-
Wait for pullback to at least close the gap around 180 for trade decision.
Below 179 is tight stop...
Description
A close < 176 triggers a short position.
Using expiration two weeks out for a little additional time on this slow mover.
Put Debit Spread
Levels on Chart
SL > 176
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 172.5P
SELL
11/12 157.5
R/R & Breakevens will vary when filled.
The long put is placed ATM...
AXP - Daily/Weekly H&S setup with weekly EMA cloud turning over to red. MACD cross down. Currently holding the 10/15/21 160P but will be buying the 11/19/21 160P for additional contracts if it decided to bounce higher but remains under stop loss.
Entry: Between now and 167.15
SL: Just above 167.15 on daily candle close
PT: 131.15 - 140.25
