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 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.
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