Symmetrical Triangle has Broken to the DownsideAXP has broken the bottom trendline of a Symmetrical triangle.
Price has stopped at a prior bottom, for now. Time will tell if it holds.
The 50 SMA has crossed down through the 100 but not the 200.
Travel was doing well a few weeks ago. I guess almost everything is down today.
Price is below the bands set on 80 and RSI reads oversold.
The Cloud is not as bearish as many securities right now but price is sitting on the bottom of a green cloud which is support until broken. The Tenken (blue) has crossed down through the Kijun (red) and the Chikou (yellow) has crossed down through price a while back. Leading Span A (green) is trying to cross down through Leading Span B (red).
No recommendation.
There are many bearish rising wedges in this chart. Some have corrected. There is one just under 100, so price could go there and break the bottom trendline. A Rising wedge is not valid until the bottom trendline is broken.
