Last time (August 23 2023, see chart below) we looked at Mastercard (MA) the 1D MA50 (blue trend-line) gave us a solid buy opportunity, which easily hit our 415.00 Target: The price is now starting to pull-back after marginally breaking the top (Higher Highs trend-line) of the 1.5 year Channel Up (blue). It already broke below the medium-term (dotted) Channel...
Daily chart. Resistance zone. It remains to be seen the position of the FED, whether or not to lower the rate? Make up your mind.
American Express has broken below the Lead-In trend line and looks to be confirming a lower high below the breakdown zone, all at the PCZ of a Bearish Crab on the Weekly Timeframe. If we get the desired performance from this we should see AXP go down about 30-60% from the current levels.