FDX revisited

39 0 2
Since last update, FDX             went lower without negating its bullish triangle and now we think it is over. Moving above the upper trendline will confirm that scenario. Target will be published once we get above that resistance.

Although not expected, moving below 170 will mean a bit more weakness towards 160 before moving back up as shown in the monthly chart linked below.

In the event we are right and and are indeed sprinting out of a triangle, that would be quite foretelling for the future as triangles are structures preceding the last move in a sequence. For FDX             we think that sequence started in late 2012 and once over one has to expect a multi-month choppy correction.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out