The last cross of EMA200 was almost one year ago. Since then everytime price went close the EMA it decreased importantly. RSI levels as well are getting high and MACD stopped going up, all of them together suggest a decrease in price in the upcoming days. I will expect to see FEDEX at least at 160 by October 2019, with a Stop Loss in 181 with a R:R of 2:1 for this trade.
Good luck traders!!!!
Good luck traders!!!!
Trade closed: target reached:
EMA200 in daily was a great resistance as expected and thanks to the bad earning report FDX went directly to 153, so in less than 1 week the position went from 174 to 153 (12%)!!! Nice!!!!