AXP shares currently trading at around $284.85 a share and are up just over 1% on the day ahead of the company’s earnings call tomorrow. Looking at the weekly chart, we can see the stock is a little overbought meaning the resistance may prove more challenging if the earnings are seen by the market as ‘average’. The stock found resistance around $287.85 and is now on its way to re-test this, a break above it following the earnings outcome would likely create the level of $300 as the next psychological resistance point. On the other hand, a negative reaction from the earnings may see investors look towards the area of $258.60-$263.51 for some support. A break below this area would likely cause a deeper sell-off, perhaps taking the price to around $250. Which corresponds with the lower trendline of this rising trend. This analysis is for a short-term outlook, a longer-term outlook would have to be re-analysed after the earnings outcome. The momentum is most certainly bullish heading into the earnings, the MACD has recently crossed above its signal line once again the RSI is bullish as it reads 72. However, the RSI is now suggesting the stock is somewhat overbought.