AEC1 trade ideas
$AXP MUCH MORE UPSIDE POTENTIAL IN AMERICAN EXPRESSDue to the strong move in NYSE:AXP in 2019 it has now reached its analysts average price target, this makes upgrades very possible in the days to follow. From a technical view the chart is perfect, with a strong uptrend and a major breakout completed, indicators are all bullish and buy volume is dominant. This stock is a ideal inclusion for any portfolio and long term investment, as a cashless society becomes more and more likely.
AVERAGE ANALYSTS PRICE TARGET $121.91
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 15.44
COMPANY PROFILE
American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate & Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally. The Global Commercial Services segment provides proprietary corporate and small business cards, payment and expense management services, and commercial financing products. The Global Merchant and Network Services segment operates a global payments network that processes and settles card transactions, acquires merchants, and provides multi-channel marketing programs and capabilities, services, and data analytics. The Corporate & Other segment covers corporate functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.
AXP to the groundRSI Overbought-ish. Not a fan of where the MACD is right now on any time frame, however this trend line is strong. 3 rejections, 2 involving either wedges or triangles. One Dec fear sell off. Good chance this could burst through the trend line, but with June 7th 117 puts at $82.... Kinda hard not to take the side of the proven resistance. HUGE risk. Potential HUGE reward. Previous drops from this trend line have been around $10 minimum.
This is for fun. If you lose money on this that's on you.
AXP AT Inflation Point. (BEARISH)***Needs some great news or else ABSOLUTELY bearish! Let's talk about it***
AXP TrendI'm expecting a few days of buyers here. The top at $119.33 could be resistance, but we could go a little higher. RSI pretty heavy, MACD flat for now. OBV is flat, Accumulation/Distribution is bullish.
I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10 or more. Could see this occurring in the next few days-weeks depending on trade news and its effect on the market.
If we close above this trend line, I will be just waiting to see.
Please feel free to comment if you see things differently.
Don't listen to me. I have no positions right now.
AXP Cup & HandleAXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from $2.75B to $6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa.
It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross (50MA>200MA).
Allow a little pullback on Monday, and BUY 112.50, SL 107.75 TP 130. RR 3.68. The SL is below the 'B' point, and I have projected A-B = B-C to a price target of $130. Broker PTs average $120, can always take some off there.
AXP is a Dow component.
New All-Time Highs for AXPAXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.
Correction in w(2)?Possibly. price has completed first wave up, now it is time for a reasonable correction in the second wave, before the trend will resume.
Breakdown, go ahead give it to me Look out below if it breaks through that weekly ichi cloud around 100-101.50... Maybe one more peak when they sign the trade deal?
AXP has that look AXP arrived at target, given the general situation of the indices this one has potential for a big move.
AXP Approaching Resistance, Potential Reversal!AXP is approaching its resistance at 110.57 (100% Fiboancci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal.
Stochastic is approaching resistance as well and a bearish divergence with price has been identified that contributes to our bearish bias.
AXP SELL (AMERICAN EXPRESS COMPANY)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
AXP Short Weekly and daily negative divergence
2009 bull market trend has been broken daily and weekly
negative momentum daily and weekly
my best idea wait for retest for support on the daily and the trend line and the shot it cos its too oversold and peak reach in the down momentum side
enjoy
