American Express leans on upside trend line - Analysis - 14-05-2019

American Express' stock leaned on the main upward trend line in the short term, while seeking a bottom to bounce it higher anew, amid negative signals from the RSI, countered by positive support from the 50-day SMA. 

Therefore we expect the stock to rise as long as the support of 114.20 holds on, targeting the resistance of 119.64. 

Expected trend for today: Bullish