years on the market

Trading Ideas for AmericanExpressCo. (NYSE) 19.02.2020

The resistance level of 136.24 is holding back buyers. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator indicator indicates overboughtness. An ascending truncated pattern has formed.

Trading recommendations:

Sell while the descending pattern is forming, where wave (A) breaks through the inclined channel of the ascending pattern. Sell on breaking the wave (A) while a descending structure is forming.

Stop loss for the resistance level of 136.25.

Target levels: 129.30; 123.10; 120.00.

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