AXP Cup & Handle
Diupdate
AXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from 2.75B to 6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa.
It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross (50MA>200MA).
Allow a little pullback on Monday, and BUY 112.50, SL 107.75 TP 130. RR 3.68. The SL is below the 'B' point, and I have projected A-B = B-C to a price target of $130. Broker PTs average $120, can always take some off there.
AXP is a Dow component.
It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross (50MA>200MA).
Allow a little pullback on Monday, and BUY 112.50, SL 107.75 TP 130. RR 3.68. The SL is below the 'B' point, and I have projected A-B = B-C to a price target of $130. Broker PTs average $120, can always take some off there.
AXP is a Dow component.
Komentar
Trade doing well, 6% up. Moving stop to breakevenTrading ditutup: target tercapai
Trade finally hit target on 17 Jan, 9 months later.
David Atherton
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