Trade Idea for American Express Co. (NYSE)

American Express Co. (NYSE)

#AXP

    The trend is bullish. The truncated bearish wave structure has completed with a breakout above the pivot of wave 2 of wave C. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator also signals bullish divergence. The stock is trading within the range of the 365 and 135 EMAs.

Trading Idea:

Buy on a breakout above 362.60.

Stop Loss: 350.80.

Target levels: 376.20; 384.80.