Fedex opened higher today following the favorable fundamentals, ignoring the overall weakness on the market in the Fed aftermath. Two days ago it achieved a rebound on the MA100 (1d), exactly at the bottom of the Channel Up that started exactly 1 year ago.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 292.00 (-0.382 Fibonacci extension, same as the April 6th High).
Tips: 1. The MACD (1d) just formed a Buy Cross. Every such formation inside the Channel Up has started a rally to a Higher High.