American Express set to challenge 2014 high
Monthly
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Weekly
Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91.
Bottom Line:
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action follow this scenario then next resistance levels will be 87.54 from monthly chart and then 93.02/.04 from both the weekly and monthly charts
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Weekly
Bottom Line:
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action follow this scenario then next resistance levels will be 87.54 from monthly chart and then 93.02/.04 from both the weekly and monthly charts
Comment:
AXP needs to close this week above 80.91 to continue bullish outlook.
Comment:
AXP closes week above resistance at 80.91. This week, price must continue up to provide follow-thru on this breakout. If this week is positive, then long term target of 93 looks achievable.
