near all time lows from falling from all time high of $270 should retrace from $140 to at least $170 or $180 by end of year
FDX is expected to drop to 1st support at 169.76 where it could potentially react off and up to 1st resistance at 159.20. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FDX is approaching our first resistance at 183.51 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 155.48 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
FDX is approaching our first resistance at 183.27 (horizontal overlap resistance, 100% fibonacci extension, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 147.90 (horizontal swing low support, 78.6% fiboancci retracement). RSI (55) is also approaching resistance where we might see a...