yauger
Long

FDX revisited

NYSE:FDX   FEDEX CORP
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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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