AXP has had a nice run the past two years from the lower line of its extremely tall five year blue channel.
click on image to enlarge
In the past month, AXP has finally hit the upper line of its blue channel, printing a shooting star at the $100 level and it appears to be stalling. It would take a very positive event to break AXP out of the perfect box established by the blue channel for the sake of getting back into its 2004-2007 channel above. The lines of the blue channel look resilient.
Trade well my friends
Alan
