The Evening Star for American Express

28 January 2022 142
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The American Express shares were moving within the general market correction. But at the beginning of this week, the sharp upward bounce has occurred from the lower boundary of Bollinger bands. The rapid growth has stopped the price from moving towards the upper Bollinger bands.

On the chart, the “evening star” formation was formed, a sign of reversal. It could be followed by a decline to the midline of Bollinger bands at 168.6.

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