AXP - buy support zones analysisHello traders,
Description of the analysis:
American Express co. (AXP) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
AXPD trade ideas
AXP - A Channel to TradeAXP - potential channel with two take profit points. I'll be selling a 1/3 of my position on each one, letting the rest run.
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
ABC Bullish Symmetric TrianglePossible Break out is 93.5
Stop possibly under 89.5
This one is associated with travel so has not been in the limelight as of late. Has broken upper trendline of S Triangle
ABC Bullish Patterns: Some may want enter when the trendline between the BC leg is broken to the upside. Other may wait until a clear uptrend is in place. A super safe trader may wait until price surpasses the R(resistance) of B. I do not do this because by then, a lot of profit is no longer available. Depending on the stock, I enter when trendline is broken and/or a clear uptrend is in place.
We are all different.
Some follow the trades that are "hot" at the moment. Others like to trade counter the the market and try not to get stuck in the moment. Some do a little of both. We all have to think for ourselves. To me, there is nothing worse than getting stuck with a stock with horrible fundamentals just because everyone else is trading it.
It has been difficult to trade as of late for me, because I felt I was almost being forced to buy stocks I felt were overvalued. But no one can force me to do anything and as long as I do not make the same mistake twice..I am ok (o:
I own this stock but I do not recommend it
ABC AXP is associated with travel so the stock has seen extreme volatility as of late. AXP has fallen out of it's rising wedge and has filled some small gaps on the way down. The bottom and top of gaps can serve as support or resistance, so perhaps there is some good support to be found. Take a look and trade safely
Possible Breakout: 98.5
My Stop: below 93.5
Target 1 117 to 124
Target 2 140 to 150
I like this stock but do your own research as we are all different