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4FDX trade ideas

FDX prepare to long when re-test demand zone AT 96.5 (under 100)Waiting for re-test the demand zone to form a double bottom. Demand Zone 94 - 96 (6/24/2013 ) Use confirmation trading plan: Price must down below 96.5, and should not close below 95.5, the low should not go down below 94. When it goes up back to 96.5, use stop order or market order buy. If it will Gap up and not above 100.5, market order buy at open. Stop: 93.95 Target1 is 120; Risk/Reward: (96.5-93.95=2.55)/(120-96.5=23.5)=1:9 Target2 is 140; Risk/Reward: (96.5-93.95=2.55)/(140-96.5=43.5)=1:17 If Gap up, market order buy before 100.5: Risk/Reward: (100.5-93.95=6.55)/(120-100.5=19.5)=1:3 -- "1:3" is the basic Risk/Reward ratio,otherwise it is not a good plan. Check following Gaps: G1: if the down trendline will be broken by a Gap, that shows the beginning of a new trend. G2: if a Gap could jump above the 120 supply zone, that shows the trend is in middle, there is another 50% to 60% range after this Gap. we don't need to close this position, we just need to move stop below target1. G3: if there is Gap into the 140 supply zone, that shows the trend near end. This will be an exhausted Gap. we need to close this position. If we will see these Gaps, or one of them, that could be used to estimate the trend range, and to verify the trend strength.
NYSE:FDXLong
by PlanTradePlanMM
1
$FDX and the importance of not trying to catch a falling stockI decided to go with the weekly chart because the daily chart has become so tricky and noisy. I have seen so many people trying to convince other to buy FedEx even when the stock has an amazing strength in the downside. However, Fedex is a company with a long history and that makes most of people that it has to go up soon or later, well that's not the best argument to buy FedEx, just remember that General Electric is now around -70% from the ATH, 19 years ago. So it's so much better if you just wait for a real important support because buying right now is a bad idea, the general market is falling, FedEx is not a stock with realative strength, it is a stock damaged before the coronavirus. Let's go the important points of possible entry and with very defined points of exit. The first important buying point is 120.91- 120.30 a support since May 2006 and tested many times Feb 2007, July 2007 and January 2016. Your possible next entry will be 112.24 with a stop loss at 99.75 wich will be your last point of a possible buying. Another good sign are the divergencies of MACD and RSI.Once again you should follow the price and entry and exit points very defined and not go trying to catch it just because is down 50%, take into account that the market is in a correction and with risk to get into a bear market, and if the market keeps with this volatility, what is least convenient for you is to be blocked with an action that is unable to increase in price and with a high exposure to decrease its value.
NYSE:FDX
by byeyw
FDX- Earnings in MarchThis I'm expecting short term a pump to around 162-164 range then a drop after hitting support. Earnings could prove hard for FDX. Amazon announced not allowing third party vendors to use FDX for prime shipping on December 16th. They reallowed it around Jan 16th. 31 days leading up to and following Christmas. Leading up, all those sales not shipped through them, following and gift cards or money from the holiday that were used on purchases. I know this is way out. Just putting my thoughts out there while I have them.
NYSE:FDXShort
by MichaelMF