American Express patnership will boost ripple in next days
The Market pressure of the cross still positive (+5.9) and the bounce on the supporting trendlines can be the impulse needed for the boost to target price 1 and next to the second one.
This analysis is based on market pressure for a complete list of market pressure visit my twitter profile.
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91.
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action...
On May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to...
$AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level.
For now, American Express looks like a good short.
BreakOut yeasterday - earlier as excepted ...
I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ...
74.18 - 73.05 AXP grey box (price...
actuallity basic downside trendline
66.71 (08.09.16) start of the actuallity downside trendline
66.09 (12.09.16) end of the actuallity downside trendline
63.90 (23.09.16) where the extended trendline was on last trading day
63.85 (23.09.16) Friday (last trading) Closed
66.09 (12.09.16) based on actuallity downside trendline (end of the actuallity down side...
68.10 Yearly High 2016 @ 1st Trading Day this Year
64.04 100 SMA
62.69 200 SMA
62.33 low after break out of trading box
61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year
buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even...
I was closely watching AXP after it was previously rejected at the 200 MA, however the drop didn`t really go far and it seems as if strong hands are still supporting further gains. Look for this gap close around 66.42 USD & then possibly still further upside.
P.S. Congratulations to all followers who participated in BABA after my call-out :-)
as you can see we are near support area and we have long time divergence which may cause increase the volume in the market and increase the price I think we could enter to low risk long position. it's better to break at least a last swing in lower time frame.