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.
Sometimes trade goes against your plan. Best is to just cut losses and move on. I did cut losses but not before gave back much of the yesterday's gain.
Price action is similar to $BA two weeks back. Stuck in range.
Coming from an employee of Fedex i decided to analyze the chart and it looks like a double bottom is forming. If it plays out i see this running up to prior highs. The past few weeks we have seen high volume at Fedex in Los Angeles CA. Not sure if people are shopping online more or less but we are still seeing high volume in packages. volume has gone down since...
Following earnings in December this began a downtrend and has been mostly consolidating since. In this inverted head and shoulders pattern it is making higher lows and with today's price action has based over a major 78.6% fib line, with VPOC support underneath. A move over recent highs could get this moving nicely.
Will place a sell order under the bearish flag.
Price is expected to move down to between 141 & 167 levels which is a strong support.
1st Q earnings might assist the move.
If the sell order fails I will look for a bullish confirmation.
Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that this stock depends on mass psychology. With time in the...
Potential gain:15%
Reward/Risk:2.5
Timeframe: 1-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue...
If Fedex continues on its downwards path and back up to the neckline, it could validate the pattern with an inverse head and shoulders. Fedex still bullish on its way to recovery! Just a slower mover. Watch the pivotal point of a right shoulder if the share price can go a bit lower. I sold my calls to get in at a cheaper price. Just an idea, trade at your own...
Fedex has been selling off since the last earnings back in 2020's Q4. It recently broke out of that down trend. It definitely has room to run up to the previous $290-300$ resistance levels. If it clears 260$, it could retest $275 within the next week or so. I am not a financial advisor, I am quite new to this. Trade at your own risk!
