NYSE:FDX
LOOKING FOR A BREAK ABOVE 305.50 WITH INCREASING VOLUME. $FDX HAS HIT THIS KEY LEVEL 3 TIMES (TWICE IN THE PAST 48 HOURS).
I WILL BE BUYING A 310 CALL IF I GET THE LOOK WITH THE VOLUME. IF ANOTHER REJECTION HAPPENS, I WILL DO NOTHING UNTIL A CONFIRMED REVERSAL.
SIMPLE PLAY, SHOULD BE EASY MONEY.
***JUST A THOUGHT, JUST A TRADE IDEA****
GOOD LUCK,
Trendline Break + revisit
Two Supply Zones (Level on top of level)
Entry 288
Stop 308
Target 240
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
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.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Alerts et for break above the 2018 Pivot Point for potential long entry.
Fibonacci Golden Pocket at $280 must be cleared where we also
have a volume node as resistance.
Above 280 and its back to the ATH while the market remains strong.
I am currently in on a call with fed ex. Expiration date 4/17/21. I love gaps. in this case the gap is against my thought process. Once the gap is filled as you see it is currently happenning on the 1 hour. the trend hopefully bounces back into a nice uptrend
The PEAD projected a Neutral outlook for $FDX after a positive under reaction following its earnings release placing the stock in drift A
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FedEx (FDX) shares rallied 6.1% in the last trading session to close at $279.58. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.1% gain over the past four weeks. We are waiting for a long term $340.00 and $400.00 per share.
This is going to be a relatively risky trade as the only justification for this trade is the forecast on the formation of the cup pattern. What's supporting this pattern is the strengthening of momentum on Daily. The MACD histogram on Weekly is still weak, but also strengthening.
Hence, there's only going to be 1 target for this trade i.e $300
Disclaimer: I'm...
