FDX is looking at a potential resumption of upside after strong buying pressure was seen at the 247.22 key support region—furthermore, the downside from 291.54 was a mere correction, we think it's likely to be a correction as no strong bearish pressure was seen. The bullish engulfing candle was seen on Monday with mid-term stochastic showing potential oversold crossover. Buy at the spot or at a lower support of 233.63
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.