FX.co ★ Analysis of the shares of American Express Company (AXP) by the method of Tic-Tac-Toe for July 12, 2017

Schedule "XO" step 100/3:

On the senior chart, we observe an exclusively upward trend.

Shares are traded in an upward wave of the uptrend, which indicates the strength of buyers.

The relative strength index is in the column "X", which indicates the pressure of bulls.

Earlier, overcoming the resistance level of 82 gave a strong signal to buy.

We see that the shares reached their original goal in the area of 85, where it is recommended to close 1/2 of the total volume of long positions and move the stop-loss order to the breakeven level.

The main target is still the resistance zone in the area of 88.

Trading recommendations:

Today it is recommended to hold long positions.