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Trading ideas for American Express Co. (NYSE) 22.07.2020

#AXP

A multi-candle reversal pattern "inverted head and shoulders” has formed on the H4 timeframe. A bullish divergence formed at the top of the "head". If the neckline is breached, an ascending wave pattern will form within the ascending price channel.

#AXP rate online: monitor the price movement in real time.

Trading recommendatoins:

Buy above 97.70.

Stop Loss: 89.50.

Target levels: 108.00; 113.50.

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