AXP, THE PLATINUM CARD ISN'T ACTUALLY PLATINUM
Updated
Trends and price targets marked.
Things are overextended
Potential to bounce back and catch more upside even with the overextension.
Guideline is more for backtracking, but it could potentially look something like this.
Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like.
247 or so looks like a top to me especially with the trend formation
I would suggest watching a break on the lowest green support trend
and I would also suggest watching a rejection on the rejection trend.
Should we break out of rejection trend, probably 360.
Drop will be steep, but the most natural path would be the 247 drop to 80.
I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
Things are overextended
Potential to bounce back and catch more upside even with the overextension.
Guideline is more for backtracking, but it could potentially look something like this.
Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like.
247 or so looks like a top to me especially with the trend formation
I would suggest watching a break on the lowest green support trend
and I would also suggest watching a rejection on the rejection trend.
Should we break out of rejection trend, probably 360.
Drop will be steep, but the most natural path would be the 247 drop to 80.
I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
Note
price at 2 support trends into earnings.
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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