The breakout of American Express Co. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of American Express Co. to test 113.09 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, American Express Co. has finally broken through. Can we expect a bearish trend to follow?
