AXP Wave Analysis – 17 February 2025

- AXP reversed from the support zone
- Likely to rise to the resistance level 315.40.

AXP recently reversed up with the daily Doji from the support zone between the pivotal support level 302.72 (former strong resistance from December and January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from October.

This support zone was further strengthened by the support trendline of the daily up channel from August.

Given the clear daily uptrend, AXP can be expected to rise in the active impulse wave 5 to the next resistance level 315.40.