AXP approaching either a Bull or Bear LongMy techinical observations with no holdings in stocks. On the weekly MA (30) was in a bullish positive slope but steadly decreasing. The trading range has establishing a closing pendant with support at 99.34 and resistance at 104.15 for next week. Breaking of either is going to tell whether this is going to be bullish or bearish. The slow MACD currently saying bearish and will indicate bearish when trading range crosses the MA (30) 98.02. MACD is on a bearish path and area below MACD is closing along with crossing zero to go below zero belonging to bearish trading.
