Dec. 25 at 1:21 PM
Actionable Trade Alert for
$AXP:
Market Context:
$AXP closed at
$383.11, showing strength as it approaches its 60D high of
$387.49. The RSI at 62.34 indicates bullish momentum, though it is nearing overbought territory. The MA30 and MA50 are both below the current price, suggesting a strong upward trend.
Directional Bias: Given the current RSI and the position above both MAs, the bias is bullish. The price is also well above the 60D low of
$315.95, indicating a strong recovery.
Trade Plan:
- Suggested Entry:
$383.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$376.00 (below recent support)
- Take Profit Targets:
1.
$390.00 (1.73% gain)
2.
$397.00 (3.63% gain)
3.
$448.00 (17% gain)
This plan allows for a favorable risk-reward ratio while targeting significant upside potential.
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