4FDX trade ideas
FedEx updatePrice currently at the uptrend line, which was confirmed. Also 50% retracement level. With recent earnings disappointing and news came out today that there will be no renewal deal with Amazon at the end of this month.
While it is a good level for a buying opportunity, the stock seems to be more on the sell side for now. Major banks like Morgan Stanley and JP Morgan gave it a 'hold' rating and a price target of $143 and $173 respectively.
So far, higher probability is that this stock will go lower, so maybe best to wait for the next support if this one breaks and buy then. Or short the break of the current 150 support level. Good Luck!
FDX reversed from resistance, potential drop!
FDX reversed off its resistance at 169.49 where it could potentially drop further to 159.20.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FDX approaching support, potential for a bounce!
FDX is expected to drop to 1st support at 169.76 where it could potentially react off and up to 1st resistance at 159.20.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FedEx short Decline will meet support at $150. If it goes below, TP $116.62.
Risk if it holds at support, possibly double bottom, and begin upward trend. In that case, possible resistance and new TP at $198.
Watching closely for post-close movement following 6/25 earnings. Expecting disappointment and subsequent drop.
i am the only one getting fdx at discount? transport great againsimple warrenr ule
buy when other sell when other buy
bottom 25% or maybe bottom,
FedEx Earnings PlayWell, we have been crushing earnings.
I think FedEx gets crushed as well, either it's a big mover so the smart play is to straddle.
I'll have puts on this one though with this setup.
Let me know what you think, thanks.
TO MANY UNKNOWNS TO RISK TRADING FEDEX PRE EARNINGSThe transports and Fedex are having a very poor 2019 and investor sentiment is quite negative toward the entire sector. This is one of the most eagerly awaiting earnings report of the quarter as it could paint a very gloomy
picture regarding the world economy. In the past Fedex have not been shy to spoil the party with very negative commentary during the earnings call. last year's second and third quarter reports were the beginning of the of the correction. It is also noteworthy that AMAZON will be a hot topic for discussion, as analysts grill management into the reason and consequences in cutting ties with amazon on air freight.
FDX Bounced Off Support, Potential Rise!FDX bounced off its support where it could potentially rise further to its resistance.
FDX Wedgie before earningsLooks like another wedgie, FDX missed earnings the last 3 quarters, if they pump this tomorrow, I'm shorting it.
FDX Approaching Support, Potential Bounce!FDX is approaching support where a potential bounce to its resistance could occur.
It's a kind of magic"FedEx Stock Hits a New Low on China’s Wrongful Delivery Probe" - that's the headline from Market Realist.
It draw my attention and I opened the chart.
At first sight we clearly see the vertical fall in the wave 3, and a number of smaller impulses at the reversal (top of the chart).
A bit confusing unless you draw the trend line, that had been broken.
Absolutely clear structure as marked in a minute.
125 bucks seems to be a fair bargain.
Good luck!
My main stock of my watchlist today June-03-2019Good Morning, today my main stock on my wathlist will be NYSE:FDX , we are below all major averages, below VWAP and we broke 2 very important trendlines, i will look for a fade on the break of pre-market lows after the market opens, all the way down to 145 area, i will never trade pre-market, i prefer to wait and confirm my edge, remember this is a probability game, good luck today!
*Only for educational purposes*
FDX Short-Term Bottom FailingFDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
