AXP is one of the Dow30 components.
If the channel is drawn correctly, topping process could be in the making.
Although DJIA is still making all time high
Estimated AXP can push upwards towards 185 - 190, stabilizes and retrace to ~140, and if 140 fails to support, next level is around 95
Worst case scenario will be 65 which is highly unlikely
It is purely my own analysis which should not affect your own decision to invest or not invest
If the channel is drawn correctly, topping process could be in the making.
Although DJIA is still making all time high
Estimated AXP can push upwards towards 185 - 190, stabilizes and retrace to ~140, and if 140 fails to support, next level is around 95
Worst case scenario will be 65 which is highly unlikely
It is purely my own analysis which should not affect your own decision to invest or not invest