Trading ideas for American Express Co. (NYSE) 13.09.2019

The stock is trading within the upper range of the downward price channel. A breakout of the price pivot zone 120.40 will result in a breakout of the price channel. Awesome Oscillator shows a Bullish divergence, and Stochastic Oscillator shows exiting from the oversold zone.

Trading ideas:

Buy above 120.40.

Stop loss – 116.46

Target levels — 126.70; 129.00.