Looking at the FDX FedEx Corporation options chain, i would buy the $125 strike price Puts with
2023-6-16 expiration date for about
$8.12 premium.
Looking forward to read your opinion about it.
FedEx (FDX) quarterly earnings of $4.59 per share VS Zacks Consensus Estimate of $4.69 per share.
Revenues of $23.64 billion, surpassing the Zacks Consensus Estimate by 0.30%.
My buy area is around the $180 support.
Looking forward to read your opinion about it.
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...
