Whats next for Fedex?

Fedex is falling with in parallel channel , first it will have to come out side this parallel channel then recovery can be in parallel channel .

It has so many support levels, current support is 246, then 240 $..then 230..then Long term trend line @ 213..
Comment: It has come out of descending parallel channel. Next T1 259, T2 277 and T3 300
Comment: T1 done..now it should be confused between 20 to 50 days EMA and then once it clears 20 days EMA expect T2 and t3
Comment: get ready for T2..moved out of 259 range..


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