American Express Co

AXP’s breach of key horizontal support and persistent lower highs and lower lows confirm a bearish medium-term posture, with price trading below declining EMAs and showing no signs of exhaustion. Short-term conditions favor immediate sell-side participation, though extreme oversold readings raise the risk of temporary relief rallies near support.

• ↑Q2 revenue hit $15.9 B (+10% YoY) and EPS climbed to $4.53 (+11%).
• ↑Net card fees reached $1.7 B (+15.4% YoY) on increased travel and spending.
• ↓Operating expenses rose 6% YoY on tech and marketing investments, squeezing margins.