American ExpressFebruary 20th - March 18th saw a 50% drawdown to AXP, this is a long term play, but also a short-term trade with size.
4AXP trade ideas
AXP Triangle.Looks to be taking shape on the hourly. Current range around 108-115. Obviously range will continue to get tighter until break out.
MACD looking weaker on hourly, but thinking we'll see it strengthen up again like prior to stay green a bit longer until 115 is reached.
RSI also trending upwards along with A/D.
Weekly Support - 3/20 120 CALL - low riskChart shows weekly trendline support from 2016 drop and 2019 drop. Solid yellow line connects closing price, while dashed yellow line connects lows. Prices are about 207.50 and 205, respectively.
You can easily set stop losses to scale out of position, otherwise this will be a nice trade if buyers step in and market bounces upward next week. Also on stochastic, %K has stretched far from %D, which indicates there might be a move up.
*** Option value may decline if IV drops and price does not move up enough. I suggest only a small amount of capital into this trade.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
American Express Breakout
Super earnings has produced a nice rally in the stock.
Currently hitting resistance so possibly wise to wait until it is passed.
Plenty of upside for this stock as society continues to go cashless.
Breakout for American expressPossible entry level @ $130.25 above previous high.
Target price @ $140.00 to just below Fibonacci expansion target.
AXP - Bullish?AXP shows several features that may indicate that it can move higher in the next weeks: MA compression, a range breakout and possibly a pullback to previous resistance.
American Express: The Price Reversal From ResistanceLook at the chart where the price moved out of the Bollinger Bands. I marked two good bullish signals, and the market moved upward after that. The same pattern we have now, but it is bearish.
The price is out of the Bollinger Bands, and it bounces from 126.00 resistance. RSI confirms the price reversal.
This market gives us a sell opportunity, and we should be ready to see falling to 120.00 and 112.00 support zones.
AXP - DAILY CHARTHi, today we are going to talk about American Express Co and its current landscape.
As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture.
The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for American Express if the company doesn't progressively start to deploy the proper countermeasures for this scenario.
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AXP - DAILY CHARTHi, today we are going to talk about AXP and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice
AXP | 70Min | 2% stock move up potentialBacktested 40 days to see how the price reacts when MACD bull crosses upward. All stock price moves around 2%.
If this holds true on this bull cross. price is looking to hit around $122.46
Using the RSI, you can get a better entry but MACD confirms the momentum change.
Good luck
AXP Simple TANYSE:AXP looks to have broken the downtrend. It closed under the 20 day MA but is approaching support from the 50 and 200 day which should provide enough support to push it through the 20. I'm expecting this to reach 122-124.
-Please leave any feedback or constructive criticism, always trying to learn more.
AXP testing on 15 mins charttesting parameters
InitCapital = 1000000
InitPosition = 100
InitCommission = 0.075
A Simple Trading Guide to Blue Chip Stocks [symbol="NYSE:AXP"]NYHey All,
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