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Dec 11, 2018 8:26 AM

FDX Approaching Support, Potential Bounce! Long

FedEx CorporationNYSE

Description

FDX is approaching its support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 208.33 (50% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
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