AXP trade ideas
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
AXP Approaching Support, Potential Bounce!AXP is approaching support at 100.18 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 104.78 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 8.06% where a corresponding bounce could occur.
AXP Approaching Support, Potential Bounce!AXP is approaching its support at 103.04 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 108.89 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 8% where a corresponding bounce could occur.
AXP Approaching Support, Potential Bounce!AXP is approaching its support at 100.78 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 105.12 (38.2% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
AXP ShortShort based of channels and fibs
My Entry: 108.61 (any entry over 108.00 is okay)
Stop Loss: 113.00
PT: 70.00 area
Risk/Reward: ~1:8
Not a high probability trade, which is why the r/r is so good. Trade should take about a full year, looking for about 50%. If I am wrong I should know relatively quickly.
Bearish divergence on RSI/Rising WedgeBroke out of a rising wedge with bearish divergence on RSI and Accumulation. Looking for a breakdown back to lower trendline touching previous right shoulder of inv H&S
Downtrend Test & $105.28/38 Resistance/FibonacciPotential Gap Fill/Swing Play + Fintech ER Buzz $SQ
#tekmunnee notes:
This can be a slow grinder; if playing, I suggest making sure you are a couple Months out; If chart does break Down Trend and Support Lines mentioned there is possibility with Fintech buzz to swing
American Express: bullish configurationAmerican Express is in double bottom (b1 b2) , the neckline N of the figure has been broken. First objective is 112$
American Express is breaking out this weekAmerican Express NYSE:AXP is one of the stocks in DJ:DJI that is breaking out
