Today we will analyze the stock AMERICAN EXPRESS (AXP.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in AMERICAN EXPRESS (AXP.SW)
1- Last bullish trend was from 21.75 $ (11/13/2008) to 23.40 $ (11/14/2008) a 1.65 $ move 2- The current bearish trend started from 23.40 $ at 11/14/2008 and is currently trading at 22.00 $.
3- AXP.SW current support level is at 21.75 which is the 100.00 % fibonacci retracement of the last 1.65 $ move.
4- AXP.SW current resistance level is at 22.38 which is the 61.80 % fibonacci retracement of the last 1.65 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
AMERICAN EXPRESS (AXP.SW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 23.400 and 34.050 that was broken up at 23.200 transforming into a supporting line.
AMERICAN EXPRESS (AXP.SW) Mid term stock chart patterns for internet stock trading :

None.
AMERICAN EXPRESS (AXP.SW) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 26.750 and 25.150 that was broken down at 28.550 transforming into a resistance line.

Stock Trading Conclusion:
AMERICAN EXPRESS (AXP.SW) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 22.33, 22.38, 22.53, 22.58, 22.70, 22.77, 22.87, 23.01, 23.40, 30.15.
Stock Support levels : 21.75, 21.30, 20.73,.