V on HODL.So far within the channel, especially with its ER approaching. However, once it loses key support levels, it's a long way down at a value.
AXP
$AXP $AXP is forming a bullish ascending triangle (similar to the $NKE break out pattern I posted last week) after a strong gap up a couple weeks ago closing at ATHs. Look for a solid candle closing above $102 for entry spot or a re-test and old of the $100 level. Target levels are 106, 112, and 126.
$AXP Strong into close$AXP closed the day breaking through the intraday resistance of $102.15 on strong volume. Expecting another leg up in short term.
AXP - Possible Bearish Swing TradeI am a little torn on this trade, I was initially thinking of maybe going long but after studying the chart further to me it looks more bearish than bullish. Also on the hourly chart, it looks like there may be a head and shoulders pattern forming. I have set up a bearish trade but will watch this closely Monday and if it looks strong I may flip this and go bullish.
American Express Co.AXP is about to breach the resistance level at $86 and rise to the next significant resistance at $90.
American Express set to challenge 2014 highMonthly
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Weekly
Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91.
Bottom Line:
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action follow this scenario then next resistance levels will be 87.54 from monthly chart and then 93.02/.04 from both the weekly and monthly charts
American Express Looking For Bearish Gap FillOn May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has been slightly volatile. It is currently trending down since the recent post-earnings gap up. The stock can continue to go down with less volatile price swings.
The true strength index (TSI) is currently 2.3520. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock was trending down, but has recently turned upward. This indicator is typically delayed so the bend upward is not always indicative of further upward movement.
The positive vortex indicator (VI) is at 0.9408 and the negative is at 0.8340. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been neutral since the post-earnings gap up. With both indicators below 1, anything can happen.
The stochastic oscillator K value is 57.5145 and D value is 69.9118. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 2.70% over the next 20 trading days.
AXP @ 1h @ still best conservative tec. & fun. big finance shareTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards :)
Aaron
American Express CompanyBuy the shares of the correction above the level of 74.60 with the target at 80.00
American Express CompanyComprar las acciones de la corrección por encima del nivel de 74.60 con el objetivo en 80.00
Cramer Pumping $AXP Just As It Kisses My Short Level...Is Jim Cramer a contrarian indicator on American Express Company (NYSE:AXP)? He was extremely bullish on Mad Money this evening but everything I see spells major downside on the stock. There is multiple mounting technical signals that tell of a sharp decline coming. What has me looking to short American Express is not only the 28% mega it has enjoyed since November, but also the stock hitting the weekly stock chart 200 moving average and an absolutely huge resistance trend line stretching back to 2013. This can all be seen on the stock chart below. Honestly, the odds are against Cramer here and firmly in the pocket of short sellers. A normalized retrace would be to $67.50, a correction of over 10% over the next month or two. So here I am, pitting myself against Jim Cramer. Let's check back in 2 months and see where the stock is. I am shorting it and putting my money where my mouth is.
View my trades and Verified performance now right here: verifiedinvesting.com
$AXP | American Express Short | Wolfe WaveTraders,
$AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level.
For now, American Express looks like a good short.
Best,
Chartistry
AMERICAN EXPRESS with conservative SetUp68.10 Yearly High 2016 @ 1st Trading Day this Year
64.04 100 SMA
62.69 200 SMA
62.33 low after break out of trading box
61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year
buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even above 62.33) too.
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
AMERICAN EXPRESS @ 15 min. @ this week, next week into ChristmasBreakOut yeasterday - earlier as excepted ...
I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ...
74.18 - 73.05 AXP grey box (price zone incl. next week - above last OuBreak)
73.05 - 72.65 AXP green box (superordinate price zone - after last OutBreak)
72.67 - 71.18 AXP yellow box (actuallity price zone this week - under last OutBreak)
Don`t jumpt behind the prices, like a missed bus.
We`ll see prices between 73 & 74 AXP surely next week.
And from this point of view, even based on this conclusions, i am still prefering the long side.
But even conservative - contrarian buying opportubnities - cause the fundamentals are strong also.
And this means, at least my opinion, buying the dips into christmas and year end. `Cause the high of 2016 was by 68.11 AXP and this was the 1st price 2016 - even opening price`16. All in all around 10% in 2016 should not make the market euphoric - like the whole financial and banking sector. `Cause we, all market particpants (traders, watchers, analysts, etc. etc.) have the so called crises since 2008 still not surpassed. At least price technically - even far away from new highs like JPM Morgan for example ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
AXP: Triggered a bi-weekly uptrend after earningsAXP has a very interesting setup here, and it appears it can rally strongly over $80 from here.
The setup is a bi-weekly 'Time at mode' uptrend, so we can enter longs at market risking a reasonable $4.59 per share, for a total of position of 3.5%-7% of your capital (no need for a stop loss).
Good luck!
Ivan Labrie.
AMERICAN EXPRESS @ 30 min. Chart @ Outbreak still shiftedactuallity basic downside trendline
66.71 (08.09.16) start of the actuallity downside trendline
66.09 (12.09.16) end of the actuallity downside trendline
63.90 (23.09.16) where the extended trendline was on last trading day
63.85 (23.09.16) Friday (last trading) Closed
66.09 (12.09.16) based on actuallity downside trendline (end of the actuallity down side trendline)
64.13 (05.08.16) based on actuallity downside trendline (1st low of trading range in an higher broader trading zone)
65.08 (22.09.16) 1st target after false breakOUT of the actuallity downside trendline
trading range in an higher broader trading zone
66.28 (23.08.16) 3rd high of trading range in an higher broader trading zone
66.25 (08.08.16) 2nd high of trading range in an higher broader trading zone
66.09 (12.09.16) 1st high of trading range in an higher broader trading zone
64.13 (05.08.16) 1st low of trading range in an higher broader trading zone
64.41 (16.08.16) 3rd low of trading range in an higher broader trading zone
64.52 (08.08.16) 2nd low of trading range in an higher broader trading zone
64.57 (09.09.16) 4th low of trading range in an higher broader trading zone
63.85 (23.09.16) Friday (last trading) Closed
higher broader trading zone
66.70 (08.09.16) 3rd high of the higher broader trading zone
67.33 (21.04.16) 1st high of the higher broader trading zone
66.58 (07.06.16) 2nd high of the higher broader trading zone
63.85 (23.09.16) Friday (last trading) Closed
63.16 (16.09.16) 3rd low of the higher broader trading zone
63.18 (02.08.16) 2nd low of the higher broader trading zone
62.88 (21.07.16) 1st low of the higher broader trading zone
high of the higher broader trading zone
63.96 (23.09.16) 100 Daily SMA
63.85 (23.09.16) Friday (last trading) Closed
63.41 (18.08.16) Golden Cross BUYING Signal
62.51 (23.09.16) 200 Daily SMA
63.38 (20.06.16) high before BreakDOWN & trend-reversal-formation
63.27 (23.06.16) high before BreakDOWN & trend-reversal-formation
62.30 (19.05.16) low before a trend-reversal-formation was created (while june & july)
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
AXP - still showing strength.I was closely watching AXP after it was previously rejected at the 200 MA, however the drop didn`t really go far and it seems as if strong hands are still supporting further gains. Look for this gap close around 66.42 USD & then possibly still further upside.
P.S. Congratulations to all followers who participated in BABA after my call-out :-)
$AXPLooks like interesting short. Stochastics on 1H chart are bearish also you can see topping pattern
AXP - weekly chart target almost reached.Caution is warranted for bulls, as the rebound in AXP has taken price almost to its first major target. Earnings were a positive surprise, but - as with all financials - we still have to watch if this is real buying or just a counter-trend rally.
