CFD Trading – Buy American Express Co. (AXP.NYS) @ $165.80. Stop @ $158.80 and Target @ $175.00.

American Express Company Stock Code AXP.NYS


Price broke above the cloud two trading sessions ago, changing the chart trend to bullish after a three-month decline. Price also broke above a recent high, creating an Ichimoku V-shaped reversal with price projection target at $175. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud.  MACD is bullish and is hinting at a bullish price trend. If price can stay above the cloud, it could be heading higher to the Ichimoku V-shaped price projection target at $175 in the next 2-3 weeks.


$165.80              Buy

$175.00              Price Target

$158.80              Risk Management Stop

3 weeks              Trade Duration

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