$AXP Key levels, Analysis & TargetsAXP Key levels, Analysis & Targets
Time frame Week born Bearish Divergences in MACD & RSI Indicator
AXP trade ideas
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AXPhere we see the failed accumulation phase
after which a long failed rally to the top was formed
after which we see a sharp rally down the zone testing
Another short on American. AXPOh yes!
Goals 151, 146, 140. Invalidation at 211.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Axp long swing | AXP | LONG @ 192 - 196 | TP @ 198, 200, 202, 204, 206 | SL @ 168 | PATTERN = ASCENDING TRIPLE TOP BREAKOUT |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
AXPBad week for AXP. Weekly RSI divergence forming as price is potentially putting in a double top at the 1.618 extension. Bearish below ath, looking for $157 next.
$AXPDouble bottom into a bull flag. We should see a little pullback then another break towards ATH. If that doesn't occur look for the stock to fall to the lower levels.
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:AXP
AXP - A dash of "old school" and "new school" togetherA few key measures, and several types of PnF setups.
AMX - Weekly view shows a different pictureShows breakout potential if it builds above 170 zone....might be good for another 100 pts or so.
AMX - short candidate below 180
IF it closes below 159, I expect downtrend to start and accelerate below 150.
Confirmation is needed, but if the overall market weakness continues, or if the relief rally pushes up to ATH, this would be a good value on the short side.
American Express AXP - Short Setup With Risk/Reward 5.95American Express has hit an interesting level for a short based on price action. Risk/Reward to first PT is excellent at 5.95.
Down with American Express. AXP Another short in the financial markets. Short term outlook only.
Immediate targets 159, 151. Invalidation at 214.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Head and ShouldersBe safe.
Price has not broken neckline and the neckline is a strong source of support.
Once price has broken neckline, down targets may be valid.
If price breaks the neckline, then possible stop above the neckline.
No recommendation.
Megaphone pattern is a pattern that consists of minimum of higher highs and lower lows.
The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction.
Megaphone pattern is known to give multiple trading opportunities to the trade but will often make 5 swings and break up or down. It does not go on forever and is considered a broadening pattern.
This pattern also can be traded when it fails but is necessary to identify the failure perfectly.
Sometimes only pattern is not enough to take best trading decisions you may need multiple indicators to identify better entry and exit points
AXP - Short on Watch May reject here within this triangle or extend this wave higher into 180's. Ultimately, a better long term buy in the 140's imo.
AXP | Puts** Not financial advice, for journaling purposes only. please feel free to send me your analysis**
Options: 01/21 $160 @ 2.49
- AXP has formed a bearish pennant
- The last few days candle(s) are wicked down
- MACD curving down (D)
- TTM Squeeze (D)
- Price needs to cross 9EMA/200SMA and hold
AXP_TRIANGLE PATERNAt the bottom of the channel is completing the "D" of the triangle pattern.
The RSI should also cross with the 50 level.
MMM_Thank you very much for your patience.We have to wait, in RSI level 50 with a strong upward break.
The trading volume should be equal to the average volume of 20 days or twice.
It seems to hit the bottom of the canal at $ 151.
The canal floor is a strong support for the share.
AXP| Strong Bearish Scenario; Go Short!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AXP American Express , I think we are going to strong bearish movement. If you are going to go short, make sure to place the stop above the previous rejection area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
AXPI must be losing it, time to go to bed. You see that 1k 2034 target idea!! We love debt but that's wild. Besides that, it broke out of the ascending channel, the next stop should be the top of its MACRO ascending channel. Should double in price. Cheers!
American Express (AXP) bearish scenarioThe technical figure Channel Up can be found in the US company American Express (AXP) at daily chart. The American Express Company is a multinational corporation specialized in payment card services. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The Channel Up has broken through the support line on 27/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 57 days towards 141.13 USD. Your stop loss order according to experts should be placed at 189.03 USD if you decide to enter this position.
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American Express - BreakoutAXP moves and forms new based at every 20$. i.e 90. 112,136,160,180, 200
It took 30-50 bars to move from 1 level to another.
Gap up and breaks 180 resistance after earning report.
MCDX Banker spike settling at 50%
Strong Uptrend, Bullish and Strong Bull.
Plan:-
Wait for pullback to at least close the gap around 180 for trade decision.
Below 179 is tight stop loss. Another option is below 167
