AXP trade ideas
longI like this stock and this is why:
I love it because there is a nice support line.
The stock bounced at it today so this is positive for a potential.
I like the candle because that is a perfect doji and a doji shows indecision and indecision after a down move like that is usually signs of a reversal.
I also like it it because the stock had great earnings and the stock did a nice move on the uspide and normally after a nice move up like that , you see a retracement and this is what happened and after a retracement there is great chance that there will a continuation of the trend and this is what i think will happen.
AXP breakout or breakdownAXP fell out of its uptrend and is now re-testing the first fib retracement. JPM releasing earnings Thursday morning before the bell, and they will likely set the tone for the rest of the financials. Based on that earnings report and how AXP reacts to this support, you can enter into a long or short position with limited risk.
AXP: Triggered a bi-weekly uptrend after earningsAXP has a very interesting setup here, and it appears it can rally strongly over $80 from here.
The setup is a bi-weekly 'Time at mode' uptrend, so we can enter longs at market risking a reasonable $4.59 per share, for a total of position of 3.5%-7% of your capital (no need for a stop loss).
Good luck!
Ivan Labrie.
AXP Buying OpertunityMy prediction is that AXP will be very volatile in the morning and could begin in a downtrend, until MACD crosses & <0. William %R is showing that it extremely oversold and therefore could continue going down in the morning or go up. Its also hitting the bottom Bollinger band meaning that it will go up the momentum, rsi indicators are going in my favor.
CCI is showing bearishness but has a chance to reverse and cross the 0 line once the market returns somewhere close to neutrality.
MY PLAN: Watch it in the morning, hopefully it'll fall and I'll get it even more on a discount, and purchase in the afternoon (I'm thinking 10am--1:00pm) Pacific Time.
ALSO They have an earnings report coming up where the stock is expected to do +.99
Cramer Pumping $AXP Just As It Kisses My Short Level...Is Jim Cramer a contrarian indicator on American Express Company (NYSE:AXP)? He was extremely bullish on Mad Money this evening but everything I see spells major downside on the stock. There is multiple mounting technical signals that tell of a sharp decline coming. What has me looking to short American Express is not only the 28% mega it has enjoyed since November, but also the stock hitting the weekly stock chart 200 moving average and an absolutely huge resistance trend line stretching back to 2013. This can all be seen on the stock chart below. Honestly, the odds are against Cramer here and firmly in the pocket of short sellers. A normalized retrace would be to $67.50, a correction of over 10% over the next month or two. So here I am, pitting myself against Jim Cramer. Let's check back in 2 months and see where the stock is. I am shorting it and putting my money where my mouth is.
View my trades and Verified performance now right here: verifiedinvesting.com
$AXP | American Express Short | Wolfe WaveTraders,
$AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level.
For now, American Express looks like a good short.
Best,
Chartistry
AMERICAN EXPRESS with conservative SetUp68.10 Yearly High 2016 @ 1st Trading Day this Year
64.04 100 SMA
62.69 200 SMA
62.33 low after break out of trading box
61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year
buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even above 62.33) too.
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
AMERICAN EXPRESS @ 15 min. @ this week, next week into ChristmasBreakOut yeasterday - earlier as excepted ...
I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ...
74.18 - 73.05 AXP grey box (price zone incl. next week - above last OuBreak)
73.05 - 72.65 AXP green box (superordinate price zone - after last OutBreak)
72.67 - 71.18 AXP yellow box (actuallity price zone this week - under last OutBreak)
Don`t jumpt behind the prices, like a missed bus.
We`ll see prices between 73 & 74 AXP surely next week.
And from this point of view, even based on this conclusions, i am still prefering the long side.
But even conservative - contrarian buying opportubnities - cause the fundamentals are strong also.
And this means, at least my opinion, buying the dips into christmas and year end. `Cause the high of 2016 was by 68.11 AXP and this was the 1st price 2016 - even opening price`16. All in all around 10% in 2016 should not make the market euphoric - like the whole financial and banking sector. `Cause we, all market particpants (traders, watchers, analysts, etc. etc.) have the so called crises since 2008 still not surpassed. At least price technically - even far away from new highs like JPM Morgan for example ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Is AXP being sent to the Chop Shop?Weakness in Visa and Mastercard is telling me that it is more likely that AXP will follow the group rather than the group following AXP. If you are long this may be a good place to go flat or reduce position size until we see if this plays out. This doesn't look like a candidate to go short on, at least not yet.
