American Express Co. has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 32 days. This breakout indicates a potential move to 97.23 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
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You would be well advised to confirm the breakout that has just occurred – do you believe the…