FEDEX ignoring the market jitters & offers a strong opportunity
Fedex opened higher today following the favorable fundamentals, ignoring the overall weakness on the market in the Fed aftermath.
Two days ago it achieved a rebound on the MA100 (1d), exactly at the bottom of the Channel Up that started exactly 1 year ago.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 292.00 (-0.382 Fibonacci extension, same as the April 6th High).
Tips:
1. The MACD (1d) just formed a Buy Cross. Every such formation inside the Channel Up has started a rally to a Higher High.
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Two days ago it achieved a rebound on the MA100 (1d), exactly at the bottom of the Channel Up that started exactly 1 year ago.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 292.00 (-0.382 Fibonacci extension, same as the April 6th High).
Tips:
1. The MACD (1d) just formed a Buy Cross. Every such formation inside the Channel Up has started a rally to a Higher High.
Please like, follow and comment!!
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