A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Traders are watching American Express (AXP) as price action tightens. The stock is trading at $326.96, up 0.97% on the day. Algorithmically, a Rounding Bottom structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $328.91, targeting $367.77 with support near $309.48 (R:R 2.0).
What is your outlook on AXP?