This has the potential for a very nice return. I'm watching for the MACD to punch through 0 and the price to punch through the 50EMA. I will have an idea whether i'm in by Friday, Right now, its nothing but a Sunday fantasy ;)
Note
This will be a good buy at some point in the not too distant future, but that time is definitely not now.Note
Just starting to turn the corner on the monthly MACD. I may jump in on this soon as the price will likely rapidly go half the distance between pre-corona highs and current market price.2 weeks after poor earnings, and the stocks up, BOTH WEEKS. AXP should set an excellent example of the psychology of the market right now. And, IMO, that is: We already know earnings arent going to be good, we know this is temporary and the price already reflects that we know this. Now show me how you recover..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.