VantageMarkets

FedEx has posted a double top.

Short
BATS:FDX   FedEx Corporation
FedEx Corporation - 30d expiry - We look to Sell at 269.78 (stop at 277.78)

Posted a Double Top formation.
We look for a temporary move higher.
The trend of lower lows is located at 270.
270.46 has been pivotal.
We are trading at overbought extremes.

Our profit targets will be 249.78 and 245.78

Resistance: 250.00 / 258.00 / 270.95
Support: 241.04 / 234.00 / 230.00

Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.