American Express - BreakoutAXP 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 loss. Another option is below 167
AXPD trade ideas
AXP Weekly Options PlayDescription
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 for higher chance of profit,
Short put is placed at the support established in August - September.
Always implement proper risk management
Only invest what you are willing to lose
AXP - Needs to come down moreAXP - 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
10/24/21 AXPAmerican Express Company ( NYSE:AXP )
Sector: Finance (Finance/Rental/Leasing)
Current Price: $187.08
Breakout price trigger: $179.70 (hold above)
Buy Zone (Top/Bottom Range): $183.20-$177.20
Price Target: $193.00-$194.40 (1st), $216.00-$218.00 (2nd)
Estimated Duration to Target: 21-24d (1st), 94-101d (2nd)
Contract of Interest: $AXP 11/19/21 190c, $AXP 1/21/22 200c
Trade price as of publish date: $3.50/cnt, $4.13/cnt
AXP, process of topping?AXP is one of the Dow30 components.
If the channel is drawn correctly, topping process could be in the making.
Although DJIA is still making all time high
Estimated AXP can push upwards towards 185 - 190, stabilizes and retrace to ~140, and if 140 fails to support, next level is around 95
Worst case scenario will be 65 which is highly unlikely
It is purely my own analysis which should not affect your own decision to invest or not invest
American Express (AXP) bearish scenarioThe technical figure Triangle can be found in US company American Express Company (AXP) at daily chart. The American Express Company is a multinational financial services corporation best known for their credit business. The Triangle has broken through the support line on 14/08/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 159.47 USD. Your stop loss order according to experts should be placed at 171.70 USD if you decide to enter this position.
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AXP at a pivot
Closed Below 50 ma today but bounced off trendline (Yellowline ).
Has been trading inside this many channel (Purple lines) ever since its last earnings.
green lines -Long targets
Red lines - Bear targets
Short entry - Below 165.41
Tp #1. 159.62 (Fib support , 100ma daily, 20ma weekly)
Tp#2. 154.94
Long entry - If it bounces off yellow trendline id go long up until Purple channel resistance at 169.50. If it gets rejected, cover. If AXP breaks through 169.50 go long up to 174.
AXP Time to breakout 52 weeks high - Nice move and hold support $150 if we keep holding $150 we will breakout 52 weeks
- chart have nice setup $155 - $160 my target love to play AXP always risk reward stop loss under $150 when you trade AXP look the price action easy to expect next move with small time frame
- iam not finical advisor
GOOD LUCK EVERYONE