American Express Company

Symmetrical Triangle has Broken to the Downside

95
AXP has broken the bottom trendline of a Symmetrical triangle.

Price has stopped at a prior bottom, for now. Time will tell if it holds.

The 50 SMA has crossed down through the 100 but not the 200.

Travel was doing well a few weeks ago. I guess almost everything is down today.

Price is below the bands set on 80 and RSI reads oversold.
The Cloud is not as bearish as many securities right now but price is sitting on the bottom of a green cloud which is support until broken. The Tenken (blue) has crossed down through the Kijun (red) and the Chikou (yellow) has crossed down through price a while back. Leading Span A (green) is trying to cross down through Leading Span B (red).

No recommendation.
There are many bearish rising wedges in this chart. Some have corrected. There is one just under 100, so price could go there and break the bottom trendline. A Rising wedge is not valid until the bottom trendline is broken.


스냅샷

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.