FDX earnings 12/17 at 4pmFedEx earnings is on 12/17 at 4pm. Price action range is $290 low - $310 mid- $330 high. I’m expecting an earnings surprise, leaning to the high estimate closer to $320-330. A 12/24 $300-320 call debit spread closed at $6.68 ($668) today. That’s a 1:3 risk to reward ratio.
Earnings Whisper $4.74
Consensus: $3.82
Revenue: $19.24 Billion
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com