Trade Idea for American Express Co. (NYSE)

American Express Co. (NYSE)

#AXP

    The trend is bullish. A descending wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions. The stock is trading within the range of the 365 and 135 EMA.

Торговая идея:

Buy on the formation of a bullish wave structure, where wave (A) breaks the descending channel of the bearish truncated structure.

Stop Loss: 355.50.

Target levels: 369.20; 384.80.