Trading ideas for American Express Co 29.07.2020

Trading ideas for American Express Co 29.07.2020

The stock is trading in the range of the lower border of the ascending price channel. Awesome Oscillator indicates bullish divergence. The 97.70 resistance level continues to hold back buyers, a breakout of the level will result in the formation of an ascending wave pattern within the ascending price channel.

Trading recommendations:

Buy above 97.70.

Stop Loss: 89.50.

Target levels: 108.00; 113.50.