The breakout of American Express Co. through the 169.75 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, American Express Co. could test 159.49 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 169.75 numerous times, American Express Co. has finally broken through. Can we expect a bearish trend to follow?
