TECH Buy 12.12.2024 08:30
American Express Co.: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level (3) forms, within which the wave 5 of (3) develops. Now, the fifth wave of the lower level v of 5 is developing, within which the wave (iii) of v is forming. If the assumption is correct, the asset will grow to the area of 324.00–345.00. In this scenario, critical stop loss level is 280.40.
Indicators
Overall recommendation Active Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Buy