2 concerns I have - Will the Americans continue to spend like pre-Covid 19 days ? Coz that is what credit cards do, to help you to spend more by giving you leverage to your cashflow. The more you spend, the more they earn.
Secondly, AMEX is also tie up with various hotels and airlines with its co-branding cards (a way to diversify and again encourage spending). Until the airlines resume full operation, hotels business will be affected and thus AMEX cards business will also be affected.
Chart wise, it has just broke out of the bearish trend line and possibly we are looking at the price continue to go higher towards 111.
We are basing this assumption on the continued positive news on vaccine developments, states reopening, continuing Feds support, good data from US, etc.
Secondly, AMEX is also tie up with various hotels and airlines with its co-branding cards (a way to diversify and again encourage spending). Until the airlines resume full operation, hotels business will be affected and thus AMEX cards business will also be affected.
Chart wise, it has just broke out of the bearish trend line and possibly we are looking at the price continue to go higher towards 111.
We are basing this assumption on the continued positive news on vaccine developments, states reopening, continuing Feds support, good data from US, etc.
註釋
praise the Lord as it moves according to plan註釋
praise lord. break out of resistance and with bullish candle.
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