AXP 3rd Touch on Trendline + RSI 38 + Record Low TTM SqueezeAmerican Express CompanyBATS:AXPGutta_CEO_American Express (AXP) is showing a very strong 3rd touch on a major weekly trendline dating back to October 2023. Price has now tested this upward-sloping support line for the third time (previous touches in 2024 and mid-2025). Each prior touch was respected with strong bounces. Currently consolidating right on the trendline near the $300 area. Additional strong confluence: Weekly RSI sitting at 38 (approaching oversold territory, showing bullish divergence with higher lows). TTM Squeeze is at its lowest level ever recorded on the weekly chart — extreme compression, signaling a potential explosive move once it fires. This multi-touch trendline support combined with deeply compressed TTM Squeeze and oversold RSI often leads to powerful reversals or continuation moves higher, especially in a high-quality name like (AXP) with strong fundamentals (premium spending resilience and network effects). If support holds and we get a weekly close above recent highs (~$310–$315), measured targets are $340–$360+, with extension potential to $380+ on strong momentum. Watch for increasing volume and a decisive bounce candle off the trendline. This is a high-conviction, low-risk entry zone if the trendline holds. Defensive rotation + quality financials are in favor right now. #AXP #TrendlineTouch #WeeklyChart #TTMSqueeze #BullishSetup #AmericanExpress