Next Fibb support is 246 on FDX, looking for a hold of support and consolidation, followed by a 1-2 start to the upside. Got stopped out back at 260.
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On today's video, we look at QQQ, TQQQ, VIX, GLD, and SLV, and overall how we see the market shaping out over the next couple of weeks.
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Any break below 256 is the invalidation point to our macro 1-2 start, and could suggest further downside. Labelled in white is the potential bullish count, that would start in a 1-2 pattern. If we can see that, this could suggest a new trend that is filling out our wave 3 target to 356. I am personally stopped out, waiting for some consolidation around the current...
A potential Head and Shoulders formation on FDX that needs to confirm this new year. Nice consolidation this past month and I think this ticker is ready to move to complete the last shoulder here before a continuation move up with earnings to the upside on the back of holiday shipping revenue.
Again, if the market cooperates, this could be a nice opportunity to...
very short term play
we in consolidation now - this looks like a good area to swing it
I suspect FDX will form a head and shoulders pattern - this is the R shoulder forming
not a bad spot to swing some shares.
very tight stop loss just cause... makes sense
As you can tell from my lines the stock diverged from the indicators and then the correction played out. This name it trying to hold the 200sma and looking to reclaim the 100sma as a first target. FDX is oversold now. My first target is $275,
FDX
Support $255
Bounce Target $265.72
December 31 $265 Call Sweeps
Above 30 TEMA
3 Green soldiers on the 1HR chart
RSI and CCI ready to push higher. NYSE:FDX
There was a long red wick on the weekly chart on the ninth of November,
meaning a future down trend, at least in my opinion it does,
Plus it broke my white support line.
So it’s going under 262.00 to 258.40 or maybe 255,
But it’s in a great buying opportunity range under 260.00.
Happy Holidays, and safe trading everyone.
$FDX with a bearish outlook projected after negative under reaction following its earning release placing the stock in Drift D
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Wanted to enter 296 but did not fulfil my order instead started dropping and conversion line appear to cross below the base line will see where it it heading and waiting for new entry.
U.S. delivery firm FedEx released their Q2 2021 earning report showing total revenue of $20.6 billion which is up 19% year-over-year.
FedEx (FDX Stock) said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
FedEx had an operating margin of 7.1%...
