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Amex

American Express: Room to Fall FurtherWhile it’s possible that we’ve already seen the low of the beige wave a, we’re not fully convinced. For now, we prepare for another potential decline toward the support at $222.03. That said, the stock should reverse well above this level and begin to rise again as part of the beige wave b, which should provide strong upward pressure. Once this corrective rebound is complete – well below the resistance at $345.03 – the final leg of the wave (IV) correction should bring the stock down into our blue Target Zone, which spans from $205.35 to $167.99. This price range is well-suited for long entries. However, reaching this Target Zone is not guaranteed. We still have to account for the possibility that the upcoming (or perhaps already settled) low may mark the end of the blue wave alt.(IV). But this 31% likely alternative scenario would only be confirmed by a breakout above the resistance at $345.03.
NYSE:AXP
by MarketIntel
AMEX AXP THE PLATINUM CARD STILL ISNT REAL PLATINUM I recently saw another post about credit card companies, I'll link it when I find it again. Either way, it got me looking at amex again. Specifically this potential movement to the upside which takes price to around $345 Because of the alignment of trends and date of earnings, there is a chance, small, but something I've seen before in different ways, which from technicals for whatever reason allows the price to make a move to the upside like this, and generally what occurs after is a drop, which honestly tracks with other things I see in the market at times. Long term, it's hard not to see growth from a technical view, fundamentals will be best viewed on the trader's post I mentioned first, which I'll link. I've been a customer at amex for years, and I can't really say I'm not a fan because the company from the viewpoint of me, as a customer, is well run. Internally, idk, maybe it's a total mess, but the reason I like this company long term is I've seen great service for nearly a decade AND I have a hope that it not only continues, but gets better and better. Summary, Interesting setup for trading here. pay attention carefully as earnings makes things happen quickly. things can change. I know that I don't know, do you. Is amex long term, I like it. Does it fit into your portfolio, literally ask a financial advisor, they aren't dumb and can tell you why and why not. A movement such as drawn and not to be used in most cases other than to visibly see how it can swing price and still maintain a somewhat stable price through a correction, which ultimately makes the stock price a better long term investment and I'd guess that others probably view it in similar ways, especially when you look at the investment style of major investors. I say it a lot, but also, meta made this same movement in less than a year. Support does come around 200. 84, should it happen, I'd suggest seeing market conditions at that time, but ultimately seems like a steal.
NYSE:AXPLong
by nicktussing77
AXP, THE PLATINUM CARD ISN'T ACTUALLY PLATINUMTrends and price targets marked. Things are overextended Potential to bounce back and catch more upside even with the overextension. Guideline is more for backtracking, but it could potentially look something like this. Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like. 247 or so looks like a top to me especially with the trend formation I would suggest watching a break on the lowest green support trend and I would also suggest watching a rejection on the rejection trend. Should we break out of rejection trend, probably 360. Drop will be steep, but the most natural path would be the 247 drop to 80. I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
NYSE:AXP
by nicktussing77
1
Long American ExpressWhy buy American express? 1 - because I said so 2 - It's an American Bank who respects Julius Caesar more then Canadian banks 3 - It's on a clear uptrend 4 - ask Chat GPT to dumb down for you the theory of reflexivity by George no Soros 5 - I said so 6 - the price is holding above the 23.6% Fibonacci (God's math) retracement level 7 - because I said so 8 - it's undervalued from a Fundamentals point of vue and they invest in blockchain companies (most banks don't bother) 9 - They paid for my baller 1st class Lufthansa ticket to Paris with stop in Munich, Hostel Costes with supermodels Sep 2-5 and Hotel du Palais in Biarritz that my grandson once built for his love Princess Eugene
NYSE:AXPLong
by Monsieur_Lumberg
Buying signs appearing on American Express chartsAMEX(NYSE:AXP) A continued comeback in the travel business and solid buying trends among younger consumers helped American Express beat profit forecasts Friday. The company reported net income of $2.1 billion, or $2.73 per share, compared with $2.2 billion, or $2.74 per share, versus consensus of $2.40 per share. American Express AXP total revenues, +3.58 percent, were $11.74 billion, up from $9.06 billion a year ago. This was in line with analyst estimates of $11.62 billion. Amex continues to expect full-year revenue growth of 18 to 20 percent and earnings per share of $9.25 to $9.65. Lets look at the chart of American Express Company. The STRAC indicator works very well when applied to the chart of this stock. The price has recovered from its low every time it fell below the indicator for the past six times. The indicator makes trading this stock extremely easy if history repeats itself. Traders can make a good profit within 2 weeks if they were to buy the stock whenever the price breaks below the lower band. Next, there are many good indicators from Sharechart that you can use to determine the strength of the current downtrend in American Express Company stock. The lines within the Random Walk Index indicators, the Aroon indicator, the Elder Ray indicator, and the Kling Volume Oscillator indicator are all widely used. It is not just one, but four different indicators that send a common message that the downtrend is indeed overextended and thus the probability of a rebound is high. The ShareChart scanner also detected a “Double Top” looks alike chart pattern that formed from the first week of March to early May. This chart pattern looks like a “Double Top” chart pattern although it does not exactly meet all the conditions of a “Double Top” chart pattern. Nevertheless, the chart pattern is useful in determining the potential price target for the current trend. If we measure the distance between the high and the neckline of the “Double Top” chart pattern and project it down, the 100% downside target is about $154.55, as shown on the chart. This coincided with the lowest bar on the chart on 12 May 22. This is another sign that the price hit a short-term low on that day. Assuming a trader would buy this stock at the current price, he can next use ShartChart’s Fibonacci indicator to determine the next upside potential. Using the Fibonacci indicator to measure the distance between the high and low the downtrend yields a 50% retracement value of about $171, as shown on the chart. This is the immediate price target for the rebound. The next target could be around $176, which is the 61.8% Fibonacci retracement value. Next, the Sharechart “Volume Profile” indicator (VP) can be used to determine if 1.) the current price is considered oversold and 2.) the upside price target explained above is likely to be reached. First, the VP indicator shows that the value reached its lowest level on May 12 as shown by the blue horizontal line on the chart. This indicates that the price may have bottomed out on that day.Similarly, the price had bottomed and reversed trend on November 30 last year when the value of VP reached the lowest level. Secondly, the red line of VP indicator shows that the value was around $174, which means that the traded volume was the highest of the last 6 months. This should serve as a resistance level or price target in the event of a recovery. This also coincided with the 50% to 61.8% Fibonacci retracement level as explained above. If history repeats itself, a trader who buys around the current price and sells at the potential target price of about $174 could make a good profit of 15% within the next two weeks. Next, if we set the stop loss at $150, which the lowest points on the chart, we get a good risk-reward ratio of 174. A value above 100% is considered a good. Before we decide to buy the stock, let us look at recent developments at American Express. On Thursday, the company continued to raise its APR in response to the Federal Reserve raising its benchmark interest rate. With the Federal Reserve planning to gradually raise the federal funds rate through 2022, it is unlikely that this will be the last APR hike this year. American Express has also taken steps to improve security by partnering with Google to make shopping easier with an added layer of security. When using Chrome and Android Autofill. To gain market share, American Express will now allow cardholders to cancel a flight for any reason. While the world is full of uncertainty, the results are in line with the ambitious development goals we discussed earlier this year.” After the results were announced, Chief Financial Officer Jeff Campbell said he still does not think there will be a recession.
NYSE:AXPLong
by shareandstocks
1
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout. As long as the price stays above ~173.80 we will have a confirmed breakout. Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
AMEX:GLDLong
by Trade_Integrity
OIH Monthly Candle Breakout11 month accumulation with a large range expansion away from the mode. My strategy to trade this was jan 2023 $285 calls for the lower premium. ATM calls are also a good strategy at a significantly higher premium so it depends on your portfolio size and the position size you're aiming for. For options I choose to never exceed 5% portfolio size per trade and I set my stop at a 50% loss (for actual stocks I don't use this rule, just options). You can trade a smaller position size but I wouldn't recommend going above 5% of your total portfolio. Even with far OTM calls, I'm already at about 13% profit since there's been some nice movement since I originally charted this 3 weeks ago. At around 20% profit I will likely adjust my stop to around 10% profit and then trail.
AMEX:OIHLong
by Trade_Integrity
AMEX:DRIP long Just an idea for possible long positions on AMEX:DRIP for a long-term swing. There's room for more downside, possibly to the next leg of support, as I've added by the pitchfork trendline entries. As we've not seen an actual bottom yet, it's all speculation at this point, but oil (for vehicles and shipping) is slowly being pushed to the margins; and with an increased chokehold on crude and the tax hikes across the states in the US that use it the most for commercial and consumer applications, a shift towards alternatives would help propel a bearish sentiment. This of course is just my speculation, I have made an entry, and plan on another if it doesn't hold. Any questions, feel free to ask. Also, possible inverse H&S forming on the Daily chart.
AMEX:DRIPLong
by scindo
What's the Russell 2000 telling us ? Hi there. Beginning trader and technical analyst who received my education from TRi school of trader development. *My charts are not financial and/or trade advice and are posted for entertainment purposes. Another day with head buried in charts. If there are any small cap, bottom hunters like me who have been in there hunting things that seem like they aren't going to stop going down or have finally found a bottom, then you may have been wondering when things might turn, and we begin seeing our portfolios going back up, and we can more aggressively hunt favorable long entries that show indication of stabilization and turning to add to our position. Well if this chart is any indication I'm starting to think the time may be soon. I'm starting to see some double bottoms coming in on price and indicators, granted it is as the top of price action. It does look like price action has broken out of a potential Head and Shoulder Pattern and will be invalidated at the areas noted in chart. Some fundamental considerations: Inflation fears particularly impact small caps and their cost in production. Possibly, there is a momentary pause on new money coming in from recent retail investors who have entered small cap positions in the past on the hype and Robinhood usability. Perhaps their retail money has been temporarily redirected to a more enthusiastic and euphoric crypto market? It will be interesting to keep an eye on the Russell to see if any sharp down turns-or more euphoria- in that space impact the 2000's trend. Appreciate sharing of different perspectives on my analysis or sharing of your own. Thanks for stopping by. Happy hunting. RUSSELL:RUT
TVC:RUT
by Cryptough
3
Lithium ETF - Needs a small pause to recharge 🔋🔋🔋Lithium has been one of our most successful 'explosive' trades and it has proven as right. Our first post on June 17, 2020 was the beginning of a series of trades on our ETFs account and the price has over-doubled ever since. Later on we posted this about how 'Lithium is power' and indeed we had a further rise of over 40% until then. At this stage we have reduced our positions dramatically as we expect a correction as shown on our chart. ps. we do a LOT of research on Lithium and others. We highly recommend this YouTube channel📺 for Lithium research, news and interesting facts, as well as plenty of Tesla research and analysis. (and also this Lithium from the legend, Kurt Cobain👼🎸)
AMEX:LITLong
by FX_Professor
2
SPY target $350-370Hi! Our small analysis of the S&P500 index based on the "Sentiment" indicators. Index is moving within the "Megaphone" pattern, I think that between September-November 2020 the conservative $350-370 target will be reached and from there it will be possible to consider short positions. It is possible that may coincide with the 2020 US presidential elections. You need to be careful right now, given the heating up situation and the sentiment of traders: - The $NYSE Highs/Lows Index is in the extreme zone; - Black Swan v.2.0 indicator, traders began to assess the tail risk on July 9, 2020. We will observe with interest. Happy trading to everyone!
AMEX:SPY
by BaroVirtual-Ltd
American Express suggests continuation of downtrendThanks for viewing, I'll give my technical and fundamental view briefly; Technical; - After the sharp drop from February highs AMEX has under-performed the market - dipping ~51%, - This compares to an over 80% drop in 2009, - The dip was followed by the formation of a rising wedge, which normally indicates continuation of the trend preceding the pattern (which is down), - Elliot Wave seems to also suggest continuation - with wave (5) down possible, - The 55 EMA showing resistance, - I see potential support below at $60, $57, and the $50 - but if the stock equals its 2008-9 drop in % terms we are looking at sub-$25. Fundamental; - Credit Card (and charge card) Companies have a licence to print money, all payments made on credit expand the monetary supply (inflationary) - until debt is extinguished (deflationary). Over the past 10 years, they have been able to borrow at negative real rates and pocket the spread. But when the economy turns down, these Companies are hit hard by defaults, - Even in good times, retailers balk at being charged 6% per charge card transaction, - What are air miles gained on transactions worth these days when no-one is flying?, - From the last recession, I read one consumer credit exec talking about the increase in defaults in terms of MULTIPLES of the rise in unemployment www.forbes.com). They didn't say what multiple, but If the multiple is just 1, then the default rate (which would impact shadow banking, consumer credit, and unsecured lenders first and worst) could jump to 20-25% of all outstanding debt balances (pre-crisis unemployment below 4% and estimated to exceed 30% by Goldman Sachs). Even a 1.5 multiple would yield 35% default rates. Who knows how things will shake out, - It will all depend on the underwriting standards over the past few years, if newly signed-up customers are among the most credit-worthy, then things won't be so bad (data suggests that default rates even among CC customers with FICO scores above 740 have tripled recently www.forbes.com). If, when times were good cards were sent to anyone with a pulse then things won't be as great, - The Fed is buying distressed ABS and MBS securities, apparently without regard for the creditworthiness of the underlying security, it is feasible that all this credit card debt packaged up and sold as an asset backed security has/will be been sold to the Fed at 100 cents on the dollar as it started to show signs of rising defaults in the underlying assets. This is a positive factors for the Company - I have doubts if it is positive for the economy down the line, - CC Companies are offering repayment holidays - possibly in part to defer incurring defaults - this will of course impact on profitability. - It all depends how you see this crisis - as being better or worse than 2008-9. My view is that this is many times worse, but that is just me. There are many reasons to expect higher defaults as compared to 2008-9 in an economy that has stopped on a dime, - Today's dividend yield of 1.79% seems insufficient to compensate investors for the higher risk associated with holding equities - considering the stock is down over 30% from Feb highs. This is my view in general as well, a lot of stocks are "growth" stocks, which do not pay (in my view) a high enough risk-adjusted dividend to be worth owning. This is all gravy when the stock is rising, but when the dividend is below inflation AND the stock is losing value, there is less incentive for an investor to hold firm. If you combine this with a tendency of this stock to significantly underperform the market in recessions then you understand the basis for my bearish view. So, overall, this stock rides high when times are good and has a history of being impacted more than the average. I don't see why that wouldn't still apply. Cheers, and protect those funds
NYSE:AXPShort
by flyinkiwi10
2