Trading ideas for American Express Co. (NYSE) 10.07.2020
A descending truncated pattern has formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
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Trading recommendations
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss: 89.50;
Target levels: 97.70.