The shooting star of American Express

10 february 2022 123
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices", "US stocks" and "Metals"
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American Express shares have steadily been raising since the end of January adding 30% from the local minimum. For the last two days, the price was setting new historical maximums but the last candlestick formed the “shooting star”, the pattern of the trend’s reversal.

 

The RSI came to the overbought zone enhancing the corrective signal. The decline’s target will be the level of October’s maximums at 189. 

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices", "US stocks" and "Metals"
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