FDX trade ideas
FDX - Potential Long OpportunityFedex has broken out of its downtrend from 2018 and has had a MACD crossover on the monthly chart. Volume looks strong but is waning now that it is in overbought territory on the RSI. A rejection off of the 1.618 retracement level and a retest of a strong support level may give a good entry point for a long position. I will be patiently waiting for the pullback for proper entry.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good Luck!
FDX PT $215support is $208. over $209.60 and i'm looking at $215 for the swing. if we break $208 then next support will be $207.10 followed by $205.60. We did just break a key resistance so i'm looking at $215 on the higher timeframes.
Fedex is riding the coat tails of the industry.June quarterly earnings by FedEx was a 180% surprise to the downside. While UPS posted a 90% upside surprise. Then FedEx drove its price based on Stamps earnings all which ignoring that FedEx under performed its industry.
Pompous FedEx is completely disconnected from reality.In what world does a company that is completely reliant on on a healthy economy believe that it somehow should increase its value by almost 30 percent in the past 10 days while the world economy is the worst in history. Time for a huge wake up call. Plus a .65 cent dividend? Ok.... So the perception is that they are doing well to move the stock and trap investors, when reality comes through in those numbers and this craters 50% everyone will realize how where the heart of this company truly lies
FDX: Ascending triangle, Confirmed and 100% filledAscending triangle, Confirmed and 100% filled
Could reverse on 170 resistance.
Watching to see if it will reverse and fill the gap up from June 2020.
Wowza!! Fedex is ridiculously overbought last gap at 108 and .78 from this level being 106 looks like this has a major correction in its future
FDX 176-80Looking for a breakout above 168. Alerts set. Only issue is the volume is super low. Clear skies to 176 after the 168 break. Aug 7 or later calls.
Cup and HandleClosing in on B/O
Rising wedge and gap up noted
waiting on substantial pull back
Not a recommendation
FedEx May Get a 10% Move HigherBasing above multiple levels of short and long-term support. Consolidating in a tight box. Target outlined.
$FDX FedEx with multi-day flag forming. Next leg up incoming. Looking like a snacc for intraday/2-3day swing
Fedex Corporation FDX, a stock we must monitorFedex this is the stock we are going to get in and out.
