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Peet_Serfontein
Jan 24, 2024 6:38 AM

FDX: change in trend direction? Long

FedEx CorporationNYSE

Description

A price action above 250 supports a bullish trend direction.
Increase long exposure for a break above 255.
The first target price is set at 262 (at its 61.8% Fibonacci retracement.
The second target price is set at 281.
The stop-loss price is set at 244.00
Recently crossed above its 200-day simple moving average.
The MACD bullish crossover (see the lower panel) supports a change in trend direction to bullish.
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