appears to be moving sideways in a bullish
contracting triangle that should lead to new high pretty soon. Over or not, current price action is choppy and sure looks like as a series of "three's" better labeled as a running triangle ( or a bullish flag
).As triangles precede the last move up within a wave, that would mean once FDX
breaks out on the upside one will have to expect some kind of top follow by a pull back that could be meaningful.