FDX Approaching Support, Potential Bounce!FDX is approaching support where a potential bounce to its resistance could occur.
FDX trade ideas
FedEx. Looking good and simple.Long-term only. Nice and clean uptrend. if we break this uptrend, the next strong support will be @ $100-120.
I know a little secretFed Ex is in an early stage of Doom. Believe or not the company in not profitable. So much that team leaders are having to tighten there spending across the board. This means No hiring, No raises, and even No team lunches. There are a plethora of reasons for this change in direction and we all can see the inevitable. Primarily huge corporate spending with larger competition sees more outflow in the companies returns, and now the recent increase in fuel costs. I believe Fed Ex will go through another downsizing phase similar to 2009, this time eliminating overpaid no-see-ums "workers from home" and once again offering buy out packages to the good ol boys. But i dont think this is enough, ultimately i see Fed Ex succumbing to its rivals, i.e. AMZN; because if they cant beat them they'll have to join them. Fed Ex will break 100
FDX - Trade SetupI like this break of support on the weekly chart for a entry with it coming back down again to the 100MA on the monthly. It was there recently and could make it back again. If it doesn't break this support could be a good entry for a long term play.
FedEx aftermathSome might be tempted to scalp this tomorrow, but I'd wait for the Fed meeting to play out before making any moves. Right now it seems like a better bet as a short on the throwback from the channel it just broke down from, which looks to me like the handle of a giant inverted C&H. The long term prognosis here is not good...
Fed Ex Confirmation Seen Decelerating World GrowthFed Ex FDX released earnings after the closing bell this afternoon,
and the stock immediately dropped 5 % to 172.50 in after hours trading
on the companies forecast of markedly slower world demand for shipping in 2019.
It is most interesting to note that Fed Ex stock peaked at 275 a share
way back in Jan.2018,and has been falling almost straight down ever since.
2019 rally in the market simply brought FDX back to overhead chart resistance,
before recently rolling back over again, prior to the poor earnings announcement today.
FDX Last 181.41
THE_UNWIND
3/19/19 St.Joseph's Day
Mountains/New York
FDX Approaching Resistance, Potential Reversal! FDX is approaching its resistance where a reversal could occur.
FDX Approaching Resistance, Potential Reversal FDX is approaching its resistance where a reversal could occur.
Good company for long term investment! Right now, I hold few shares, will add more if stock comes more down!
FDX approaching resistance, potential drop! FDX is approaching our first resistance at 183.91 (horizontal pullback resistance, 38.2%, 23.6% fibonacci retracement, 100% fibonacci extension) where we might see a potential drop to our first support level at 155.48 (horizontal swing low supoprt)
$FDX Ascending Triangle - Bullish Options Activity$FDX Ascending Triangle - Bullish Options Activity
Monitoring for strong move through $184.00 resistance
Bullish options activity just before the close - 1k March 22nd 180.00 strike calls traded for $600k in premium
Note: Informational analysis, not investment advice.
FDX recent drops may be an opportunity to get a small gain Recent drop due to bad news about AMZN may be temporary only. Currently FDX is hovering around the bottom of its ascending channel. If the hourly price close above 178.80, it may be an opportunity to get back in for a ride at least to 189.50. stop loss is 173.
Rising wedge and at resistanceRising wedge and at resistance
Short only if it breaches the lower trend line
FEDEX ; Permulaan kepada strong bear bermula?saya melihat akan ada pergerakan bear yang kuat apabila harga sampai ke paras 190 .
FDX approaching resistance, potential drop! FDX is approaching our first resistance at 183.51 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 155.48 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
FDX has turned bullish today. Buy the Calls.The 3 EMA (Exponential Moving Average) has crossed above the 12 EMA, giving us a Bullish Signal. Stop below the recent lows around $150.
