4FDX trade ideas
FedEx May Get a 10% Move HigherBasing above multiple levels of short and long-term support. Consolidating in a tight box. Target outlined.
$FDX FedEx with multi-day flag forming. Next leg up incoming. Looking like a snacc for intraday/2-3day swing
Fedex Corporation FDX, a stock we must monitorFedex this is the stock we are going to get in and out.
$FDX in a higher degree correction completing Wave ADisclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
FedEx EWHave carefully constructed this. I don’t think Fedex could continue go up and it will probably be influence by Covid19 seriously. I think it’s bearish in the short term but of course be careful with the invalidation price level.
OPENING: FDX JULY 17TH 126/155 SHORT STRANGLE... for a 3.41 credit.
Notes: Plain Jane directionally neutral in the July cycle.
FedEx: Still room to grow. Aiming at the 1W MA200.FDX has seen enormous rise this week, breaking above the 1W MA50 (RSI = 59.573, MACD = -0.910, ADX = 28.559). Despite that, it is still undervalued both on the short and long term. Based on its recovery after the Subprime Mortgage crisis (the pattern then is very similar to today), it is aiming at the 1W MA200 on the short-term (right now at 192.71) and on the long-term to new ATH.
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$FDX Fedex $165 Target short term
Possible long entry upon breaking downtrend.
Upside target to Fibonacci .382 target @ $159
Previous pivot high target $165.00
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FDXWill see a pop tomorrow on FDX due to earnings and retrace to around $140 and continue up. I have a Bullish stance on FDX.
FDX loves the 200 EMA Zoom out further and see, best to wait for a retest and then direction before entering
FedEx shares juicy investment opportunity!FedEx, monthly chart: 14 years old(!) mirror level + 2 Hammers candle patterns + juicy sell off (fall from highs): 50%
FDX - Can we go 3/3?Hola,
Back at it again with NYSE:FDX .
Forgot to update the last idea but we took profits on 6/11.
It hit 132 like we thought!
We've got an alert at 127.5 at which point we'll start looking to enter a trade.
If that happens, we see it dropping to 120.
FDXLike basically everything else, they pushed this thing a lot farther than I thought they would before the downside would continue. Took another fakeout at the 50 sma/upper wedge line before reversing. Still think the massive head & shoulders plays out. Ultimate price target around $60.
+100% - FDX still dropping to 127?NYSE:FDX fell to 132.
We may see some green action over part of today but expect it to drop down to the 127 area if 132 cannot hold.
FDX back to 132?If NYSE:FDX drops below 142 look for it to fall $136-$139.
Those two days look weak.
Look for a drop to 132 if that support breaks.
FDXStill in a clear downtrend, but made its way back up to the 20 sma/trend line resistance. Low risk short entry here soon if it holds. Will keep an eye on it this week into next.
Fedex. Triple bottomOn the weekly TF, the “triple bottom” reversal formation is visible, the profit for which is around 19%, the formation is supported by convergence of senior TFs (month and 2 weeks).
I will try to buy at the prices pass above $ 125 (breakdown point on the figure)
Stop - the price will fall below $ 125
Profit 1 - $ 141 (MA200 day + level)
Profit 2 - area of $ 160, if the price can overcome MA200
convergences
triple bottom
