| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 264.00 |
| Take Profit | 290.00 |
| Stop Loss | 250.00 |
| Key Levels | 230.00, 250.00, 253.00, 259.00, 262.00, 265.00, 290.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 253.00 |
| Take Profit | 230.00 |
| Stop Loss | 262.00 |
| Key Levels | 230.00, 250.00, 253.00, 259.00, 262.00, 265.00, 290.00 |
Shares of American Express Co., one of the leading American transnational companies providing payment services, are trading at 259.00.
On the daily chart, the price is correcting within a new wave inside the channel with dynamic boundaries of 265.00–230.00.
On the four-hour chart, the quotes consolidated above the year’s high of 255.00, preparing to continue moving towards the channel resistance line of 265.00, which has already been tested several times: in case of consolidation above it, an upward trend will form, with the target at 290.00.
Technical indicators strengthen the buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 264.00, with the target at 290.00. Stop loss is 250.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 253.00, with the target at 230.00. Stop loss is 262.00.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.asia
加载失败()