American Express Wave Analysis – 13 May, 2022

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• American Express reversed from key support zone
• Likely to rise to resistance level 165.00

American Express recently reversed up from the key support zone lying between the support levels 155.00 and 150.00 (multi-month low from December).

This support zone was further strengthened by the lower daily Bollinger Band.

American Express can be expected to rise further toward the next resistance level 165.00 (former minor resistance from the start of May).

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