FDX trade ideas
FDX Approaching Resistance, Potential Drop!FDX is approaching our first resistance at 183.27 (horizontal overlap resistance, 100% fibonacci extension, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 147.90 (horizontal swing low support, 78.6% fiboancci retracement).
RSI (55) is also approaching resistance where we might see a corresponding drop in price.
FDX - Trade setupFor people who think they missed this trade. I'm playing low of today and to the 100MA on the monthly chart. Just set your Alert and wait for it.. Plenty to eat still.
FDX Approaching Support, Potential Bounce!FDX is approaching support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 208.33 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 3.27% where a corresponding bounce could occur.
Fedex long scalppanic below 210 support, 1,2,4hr bul divs, at major support level, news looks neutral. long
FDX.30 minThis morning's call was quite prescient. Bullish divergence and a bounce at 183.94. Earnings next week. Could that be the catalyst?
FedexIf price falls down 182, will be below 3 standard deviation in the regression model. Next big support close to 130-140 $.
FDX: Nearing LT supportIt looks deathly but is approaching a number of fib support areas on the Daily time frame. the 175-183 presents a low risk opportunity for a bounce to 193 -200
FDX Approaching Support, Potential Bounce!FDX is approaching its support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 208.33 (50% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
FDX Testing Support, Potential Bounce!FDX is testing its support at 200.88 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 229.57 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
$FDX Bull Pennat + Bull Divbull div + bull pennant, reversal signs are here, lets wait and see we bull can show up for a clean move.
FDX channel Quick analysis. If the market in general stays normal, there is a real possibility that FDX stays in the channel. Remember to always wait for confirmation of a bounce!
Sell FDXDaily dark cloud cover
Stoch looking to be flatline
MACD showing divergence
Chikou span showing lower high, quasi double topish formation... look left!
S/L 227.94
T/P 210.96 used gap to fill on hourly for better R/R, strong structure(support) at these price actions levels also
R/R 1.75
Profit Trading
FEDEX Trapped Logistics is one of the sectors that RT favors. However with oil prices making new highs, FEDEX's prices are suppressed within this channel.
Long term trend is still up and prices have been hovering around 239 and 240 region.
Just waiting for 2 scenarios to play out at the moment.
1. Break below the trendline to test the 220 region
2. Break above 252 to start a new uptrend.
Reflection: Effectively carrying out a well thought out plan equals to making money eventually:)
$FDX may try to break above 20 SMA on 9/21/2018May form 3 white soldiers - past two days saw pretty sharp rise.
sell at supply take profit at demandi think fdx will try to reach 254.00 and drop from there to about 244.
given the weekly trend is down and jun 19 when earnings came it dropped and retraced to supply and dropped
Fed Ex at SupportThis stock is certainly on sale right now. Time to buy!
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
