Amex (AXP) bullish scenario:
The technical figure Triangle can be found in the daily chart in the US company American Express Company (AXP). American Express is an American multinational financial services corporation specialized in payment cards. It is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average. The Triangle broke through the resistance line on 25/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 18 days towards 165.00 USD. Your stop-loss order, according to experts, should be placed at 144.26 USD if you decide to enter this position.
American Express Company AXP is set to report its fourth-quarter 2022 results on Jan 27, before the opening bell.
In the last reported quarter, the diversified financial services company’s adjusted earnings per share of $2.47, primarily due to continued business momentum and a solid revenue stream. American Express also benefited from better volumes and higher Card Member spending, due to a significant increase in Travel and Entertainment spending. However, the positives were partially offset by higher operating costs.
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American Express Company AXP is set to report its fourth-quarter 2022 results on Jan 27, before the opening bell.
In the last reported quarter, the diversified financial services company’s adjusted earnings per share of $2.47, primarily due to continued business momentum and a solid revenue stream. American Express also benefited from better volumes and higher Card Member spending, due to a significant increase in Travel and Entertainment spending. However, the positives were partially offset by higher operating costs.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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