Trading ideas for the American Express Co. (NYSE) 07.05.2020

#AXP
The price pivot zone of 83.90 is holding back sellers. A descending truncated H1 level pattern has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy strictly while an ascending wave pattern is forming, where wave A breaks through the inclined channel of the descending truncated H1 level pattern, completing it.

Stop loss under the local minimum of the H1 level descending pattern.

Target levels: 88.80; 96.26.

The #AXP rate online: monitor the movement of the shares in real time.