FDX has shown a solid pattern on the uptrend for the last month or so, and is currently within reach of ATH. Shipping is getting more expensive, and FDX is in the process of a share buyback program. I can see this going to 285 or so, top of 300.
Alright drill starts here again Monthly in Red, Weekly in Blue and Short term in Pink
Ok so we are in ABC pattern in short term and that leads us to a touch of 23% monthly target and also 100% extension short term. Honestly I am looking at mid range between 50% and 61.8% weekly target, it all depends upon the risk you can take. Weekly 23% can be a stop loss ,...
The technical figure Triangle can be found in the US company FedEx Corporation (FDX) at daily chart. FedEx Corporation is an American multinational conglomerate holding company focused on transportation, e-commerce and services. The Triangle has broken through the resistance line on 18/12/2021, if the price holds above this level you can have a possible bullish...
Fedex reached ATH on May 27 and since then it has been sidetracking and recently gapped down on Jul 27 (2 months later) and now sitting on the MA200 support.
Is this a good sign ?
My analysis is that, the bull run is probably for the time being and fedex could be going sideways for a while and might even break the MA200 support.
Chance of it breaking is...
The technical figure Triangle can be found in US company FedEx Corporation (FDX) at daily chart. FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational shipping & delivery services and supply chain management company headquartered in Memphis, Tennessee. The Triangle has broken through the support line on...
UPS is getting tight in this All-Time High pennant. Fake-breakout this past session as volume continues to fade but price action printed a bullish inside day closing slightly above then past Thursday candle open. I have alerts at $217 for a swing to psych number $225!
Arguably one of the best performing stocks after the outbreak of Coronavirus. Just made some corrections and heading towards the bearish order candle. A new 52 week high with a low PE ratio indicate a high potential for this stock.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Fedex in the short term, is in a lateralization of the price. It is the ideal setting for short-term operations.
I'm going to show you my new operation.
Fedex had a false break to the upside of the side channel, and is likely to want to retest the low level of the channel.
I am showing you a sale with risk / reward 2.
Fedex will present results this Thursday,...
My trade plan for Fedex:
If current projection holds, Fedex could see min. $295.
If we break below $251, the projection will be invalidated.
Give me a follow and I will post more charts.
Good luck and trade safe.