American Express recently reversed up from the support zone lying between the support level 84.00 and 50% Fibonacci Correction of the preceding upward impulse from October.
The upward impulse from this support zone completed the second intermediate corrective wave (2) from the start of March and broke the resistance level 86.00. American Express is expected to rise further inside the currently active minor impulse wave 3 of the longer-term intermediate impulse (3) – toward the next buy target at 90.00. Strong support remains at 86.00.
The post HY MARKETS News: Stocks Report: American Express Co appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog