Get started
AMERICAN EXPRESS COAMERICAN EXPRESS COAMERICAN EXPRESS CO

AMERICAN EXPRESS CO

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

AXP trade ideas

American Express (AXP) bearish scenarioThe technical figure Triangle can be found in US company American Express Company (AXP) at daily chart. The American Express Company is a multinational financial services corporation best known for their credit business. The Triangle has broken through the support line on 14/08/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 159.47 USD. Your stop loss order according to experts should be placed at 171.70 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:AXPShort
by legacyFXofficial
1
AXP at a pivot Closed Below 50 ma today but bounced off trendline (Yellowline ). Has been trading inside this many channel (Purple lines) ever since its last earnings. green lines -Long targets Red lines - Bear targets Short entry - Below 165.41 Tp #1. 159.62 (Fib support , 100ma daily, 20ma weekly) Tp#2. 154.94 Long entry - If it bounces off yellow trendline id go long up until Purple channel resistance at 169.50. If it gets rejected, cover. If AXP breaks through 169.50 go long up to 174.
NYSE:AXP
by ContraryTrader
Cup and Handle Bull FlagAXP seems to have formed a bull flag while pulling back. Price was recently outside the bollinger bands set on an 80 moving average, which is a bullish signal, but price is drawn back in to the bollinger bands as a rule. Bull flags are formed in a pull back but I have seen them break to the downside recently. Any pattern can fail. Price did not close over long entry level for the flag today. Price did reach long entry level barely and closed below long entry level. Price is over long entry level for the cup and handle pattern. Long entry level can be subjective and is an "at or above" type of level. You do want to enter under immediate resistance, but also enter as close to support as you can. A bull flag is a technical continuation pattern which can be observed in stocks with strong uptrends. The pattern takes shape when the stock retraces by going sideways (or by slowly declining) after an initial big rise in price. The top trendline is resistance and the bottom trendline is support. Be aware of a break in the bottom trendline as it can signal a break to the downside. A good place for a stop is under the bottom trendline of the flag. RUN UP - In the first stage, buyers aggressively step in the market, driving prices higher. These buyers then attract other buyers, creating momentum. CONSOLIDATION - After a while price settles down. This happens because less and less buyers are willing to purchase shares at this point (potential buyers begin to view the stock as too extended). Sellers also begin to come into the market because they don’t want to give up the made gains. When all of this happens, the stock will go into consolidation. It will remain in this phase until more buyers or sellers enter the market and disrupt once again this equilibrium. Even a bull flag can break to the downside. The hope is that it will signal more buyers (o: The run-up before a bull flag should be a clear, fast and large move with increased volume. The flag itself should be orderly. A tight flag is best without a lot of space between the candles. A flag should not go on and on for a long time dipping lower and lower. Keep in mind the size of the flag in relation to it's pole. It can not become so long that the pole can not support it. Volume should stay on the low side while the flag is forming as you do not want to see a lot of selling going on during formation. Increased volume during the pole formation and at break out is a good thing. Not a recommendation Other traders see the patterns you see. Fighting the urge to see what we want to see verses what is really there can be an obstacle.
NYSE:AXPLong
by lauralea
2