AXP Buying Opertunity
My prediction is that AXP will be very volatile in the morning and could begin in a downtrend, until MACD crosses & <0. William %R is showing that it extremely oversold and therefore could continue going down in the morning or go up. Its also hitting the bottom Bollinger band meaning that it will go up the momentum, rsi indicators are going in my favor.
CCI is showing bearishness but has a chance to reverse and cross the 0 line once the market returns somewhere close to neutrality.
MY PLAN: Watch it in the morning, hopefully it'll fall and I'll get it even more on a discount, and purchase in the afternoon (I'm thinking 10am--1:00pm) Pacific Time.
ALSO They have an earnings report coming up where the stock is expected to do +.99
CCI is showing bearishness but has a chance to reverse and cross the 0 line once the market returns somewhere close to neutrality.
MY PLAN: Watch it in the morning, hopefully it'll fall and I'll get it even more on a discount, and purchase in the afternoon (I'm thinking 10am--1:00pm) Pacific Time.
ALSO They have an earnings report coming up where the stock is expected to do +.99
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