Falling from a W PatternBut is up today.
FDX raised their dividend and price soared.
Looks like a bearish W formed and the last leg terminated at the 1.113.
Probable Alternate Bat/Bearish.
Whatever type of W or pattern this is, if it is a W as I had to use my imagination on this one, price has passed a few levels of support.
Price also formed a possible inverse head and shoulders near support.
Price is close to Resistance and what happens there may help get an idea where this is going.
Targets in orange below are valid only if price breaks the support level of 191.85.
There are a few gaps under price.
No recommendation.
Always take a good look in the rearview mirror.
