38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
AEC1 trade ideas
Gotta Be the End of Punishments!I shorted AXP back in July; Had it for several days and made decent profit (never mind the fact that the trade could yield much more if I had not closed it too soon). In any case, I think the short cycle is about to end and the price is about to start climbing like the old days.
After scratching its legs and reaching all-time high in July, the price has moved down day after day. Due to fast sell-offs and recoveries, minor highs and minor lows are apparent in the price movement. This has formed a broadening wedge , descending. The pattern is more likely to be a reversal for the short-term trend. It acts as a consolidation phase for the long-term trend. Noteworthy to mention, volume increases as the pattern matures. AV is about 3.2 million in the beginning of the formation and for now, it has increased to 3.7 million. In the meantime, bullish momentum is entering into the market; both MACD and AO are confirming this. The 61.8 Fibonacci level or $114.00 would be an ideal entry, but I do not think the price would reach this level before moving up (I wish to be wrong on this just to increase my position size).
This morning, I opened some long positions because the ~116 support level hold steady and I will possibly scale in if the situation arose...
Cheers!
AXP -Weekly. Bull Put SpreadHigh Vol. High Beta Stock.
Weekly RSI <25 and PA struggling to go below 117/116.
Trend / Swing Trade Higher.
(rather than my usual Reversal Setup)
Taking 120 / 115 Put Credit Spread.
Also picked up 125 Call for Directional Bias Higher.
Oct Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
AXP - Weekly - Bull Put SpreadW Chart RSI <20
PA consolidating around 122 right on mid BB%. Level.
Looking for Reversal to mean higher.
Taking 121/120 Put Credit Spread.
with 123 Call for Directional Bias Higher.
Sept Exp .
Good Luck - Watch your $$$ RISK
AXP Running UpThroughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over.
"Joe's earning season preview" EP02 : Let's Rock'n roll!The earning season already take places!
Let's check out the major names that will have their earning report this week with me yo!
Mon: C
Tue: GS, JPM, JNJ,WFC,UAL, IBKR
Wed: ABT, BAC, NFLX
Thur: MSFT, MS, UNH
and I got only 20 minutes so I didn't record down Friday names like AXP, BLK, and SLB!
Let's see how they go this week yo!
looks pretty toppyJust tapped its 1.618 extension at the top of a multi-year TL top... Bearish divergence all over the place on the daily, weekly, monthly.
AXP: Another leg up?On the current up move from the Dec 2018 low, AXP has continually used prior resistance as support to push higher: the move in late March from around $108 to $120 moved off of the Feb highs and the current leg from $114 to $125 used the mid March highs as a starting point. Currently, AXP could be bouncing off the May 22 high around $121 in an effort to move higher yet again. The price action on Friday, June 14 is indicative of buying as the stock moved lower at the open but finished well off the lows. A further bull case could be made in the relative strength of AXP when compared to the S&P500. The orange line is the ES continuous contract (June contract) which highlights the strength of AXP: the S&P is around 2% below the high it printed in early May; whereas, AXP has printed fresh all-time highs. That isn't to say there aren't concerns, chief among them the shortened thrust of the current leg up: the prior legs of this current move were longer in duration (at least a month) and traveled farther. Indeed, the current leg up spanned just 7 sessions before seeing a retracement. Due to that, I wouldn't be surprised to see some consolidation at the current level (especially considering the FOMC meeting concludes on Wed of the coming week). However, the current setup does offer a low risk opportunity to participate in a potential move higher. Long on a move above the Friday (6/14) high with a stop below the low.
AXP Velocity RunAXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.
$AXP MUCH MORE UPSIDE POTENTIAL IN AMERICAN EXPRESSDue to the strong move in NYSE:AXP in 2019 it has now reached its analysts average price target, this makes upgrades very possible in the days to follow. From a technical view the chart is perfect, with a strong uptrend and a major breakout completed, indicators are all bullish and buy volume is dominant. This stock is a ideal inclusion for any portfolio and long term investment, as a cashless society becomes more and more likely.
AVERAGE ANALYSTS PRICE TARGET $121.91
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 15.44
COMPANY PROFILE
American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate & Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally. The Global Commercial Services segment provides proprietary corporate and small business cards, payment and expense management services, and commercial financing products. The Global Merchant and Network Services segment operates a global payments network that processes and settles card transactions, acquires merchants, and provides multi-channel marketing programs and capabilities, services, and data analytics. The Corporate & Other segment covers corporate functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.
AXP to the groundRSI Overbought-ish. Not a fan of where the MACD is right now on any time frame, however this trend line is strong. 3 rejections, 2 involving either wedges or triangles. One Dec fear sell off. Good chance this could burst through the trend line, but with June 7th 117 puts at $82.... Kinda hard not to take the side of the proven resistance. HUGE risk. Potential HUGE reward. Previous drops from this trend line have been around $10 minimum.
This is for fun. If you lose money on this that's on you.
AXP AT Inflation Point. (BEARISH)***Needs some great news or else ABSOLUTELY bearish! Let's talk about it***
AXP TrendI'm expecting a few days of buyers here. The top at $119.33 could be resistance, but we could go a little higher. RSI pretty heavy, MACD flat for now. OBV is flat, Accumulation/Distribution is bullish.
I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10 or more. Could see this occurring in the next few days-weeks depending on trade news and its effect on the market.
If we close above this trend line, I will be just waiting to see.
Please feel free to comment if you see things differently.
Don't listen to me. I have no positions right now.
AXP Cup & HandleAXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from $2.75B to $6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa.
It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross (50MA>200MA).
Allow a little pullback on Monday, and BUY 112.50, SL 107.75 TP 130. RR 3.68. The SL is below the 'B' point, and I have projected A-B = B-C to a price target of $130. Broker PTs average $120, can always take some off there.
AXP is a Dow component.
New All-Time Highs for AXPAXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.
Correction in w(2)?Possibly. price has completed first wave up, now it is time for a reasonable correction in the second wave, before the trend will resume.
Breakdown, go ahead give it to me Look out below if it breaks through that weekly ichi cloud around 100-101.50... Maybe one more peak when they sign the trade deal?
