$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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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 Weekly Options PlayDescription
A close < 176 triggers a short position.
Using expiration two weeks out for a little additional time on this slow mover.
Put Debit Spread
Levels on Chart
SL > 176
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 172.5P
SELL
11/12 157.5
R/R & Breakevens will vary when filled.
The long put is placed ATM for higher chance of profit,
Short put is placed at the support established in August - September.
Always implement proper risk management
Only invest what you are willing to lose
$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
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 | Puts** Not financial advice, for journaling purposes only. please feel free to send me your analysis**
Options: 01/21 $160 @ 2.49
- AXP has formed a bearish pennant
- The last few days candle(s) are wicked down
- MACD curving down (D)
- TTM Squeeze (D)
- Price needs to cross 9EMA/200SMA and hold
AXP| Strong Bearish Scenario; Go Short!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AXP American Express , I think we are going to strong bearish movement. If you are going to go short, make sure to place the stop above the previous rejection area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
American Express (AXP) bearish scenarioThe technical figure Channel Up can be found in the US company American Express (AXP) at daily chart. The American Express Company is a multinational corporation specialized in payment card services. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The Channel Up has broken through the support line on 27/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 57 days towards 141.13 USD. Your stop loss order according to experts should be placed at 189.03 USD if you decide to enter this position.
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American Express - BreakoutAXP moves and forms new based at every 20$. 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
