American Express broke out of its trending channel yesterday on very good volume. With consumer spending increasing due to the easing of lockdowns globally, AMEX should now push higher providing the markets continue in their upward trend.
We are fully expecting a breakout to $111-$112 before a pullback.
This is providing the US / China tensions do not cause a short term pullback.
We are fully expecting a breakout to $111-$112 before a pullback.
This is providing the US / China tensions do not cause a short term pullback.