American Express Trading Analysis (24/10/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.
- Stop-loss at 268.44.
- Price targets at 275.67 and 286.00.
#americanexpress #stock #tradersroom #daytradingpatterns
