MichaelEugen1

AXP swing short idea

Short
NYSE:AXP   American Express Company
Hey all, I'm not playing this name currently, but I have in the past. I'd look to either exit any AXP long or swing short if I were to play this name- it is backtesting a major trendline, is extended, and is now in a downtrend. This recent rally changes nothing technically- it is a bounce in a larger downtrend, and should present a solid shorting opportunity for those who play it! I might add that I expect this thing to revisit $90/share.
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