Chartoholic

Fedex formed a cup and handle pattern and is about to break out

Long
NYSE:FDX   FedEx Corporation
NYSE:FDX is about to break out. Long the break out to target 394.5$, stop loss daily close below 200 MA.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Comment: The stock closed one day below 200 MA and reclaimed it the next day. I will keep the trade open and wait for confirmation
Order cancelled: The did not break out

Comments

your cup & handle doesn't worked out as planned but look like bigger handler is in formation..
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Chartoholic vishalniit
@vishalniit, yes a bigger handle is fine, that is why it is safer to long the break out of the red line which did not happen yet. It all depend on your risk management, you can enter on break out of the handle or the cup, I personally entered the trade already :)
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