FDX - Cup & Handle setup before earnings
Updated
Cup and handle basing pattern.
Huge institutional buying on handle breakout.
Leader the past 5 days during general market panic sell.
Risk: 80 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Huge institutional buying on handle breakout.
Leader the past 5 days during general market panic sell.
Risk: 80 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Trade closed manually
Lock in profits. Will hold longer when general market conditions and breadth improve.
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