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.