AXP trade ideas

VKtradesimbalance

- AXP is setting up for a supply reaction - It can surely retrace the whole move it created from the origin - Inefficiencies created should be filled by expansion and post that a bounce back - Do not initiate shorts from the mentioned zone like a fool without a reaction

WaveAnalytics_IN

What else can explain the stupendous rise in American Express stock price?

BharatJhunjhunwala

American Express may face hard time here. The RSI is not displaying any bullish zeal, the bear engulfing candle at RSI FLARE levels further confirms bears have a upper hand here. The MACD isn’t able to pull into the bullish area. In short the stock is set for a further dip. 111 & 109 seems prominent as of now. For more information on how to use RSI professionally...