Market Snapshots

American express Wave Analysis 23 February, 2021

American express Wave Analysis 23 February, 2021

• American approached long-term resistance level 137.60

• Likely to reach resistance 145.00

American express recently approached the key long-term resistance level 137.60 (which reversed the price in January and in February of 2020 –as can be seen below).

The resistance zone near the resistance level 137.60 is strengthened by the upper daily Bollinger Band.

If American express closes today above the resistance level 137.60 – the price can then rise to the next resistance level 145.00.

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