FDX trade ideas
$FDX FedEx Long Term Ascending Triangle$FDX FedEx Long Term Ascending Triangle - watch for move back to and break through 255.50 resistance.
FDX long possibility
FDX I like because of possible monthly 10sma bounce odds, daily triangle and 60 min consolidation. That 60 min consolidation can bring us smaller stop but we can use that only if Monday open will hold it. First resistance will be $254-255 area and if that will be broken then I will look for possible previous weekly high and action after setup (buying pace) will determine target possibility.
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FedEX looks like a winner This overnight deliver has to show up or be a pig and then come back and redeem itself! On the Daily we see a hammer and up. on the 60 minutes i have noticed that we have pivot as a rest and go I would probably make this a long-term support . I would like to see this ground shipping to hit $255.58
good idea tradingwhy I think that fedex it is a good trading opportunity?
1) The history of the price have a good test moving average , the MA200, and de Ndx, Dow30 and SP500 have got too.
2) I can see solid MACD and Rsi divergence, we saw to day in SP500.
3) To day we have in the graph dragonfly bullish doji pattern, this is a good trading bull signal.
FDX retesting weekly resistance 2nd timeFDX tagged weekly resistance once already and immediately sold off. Now again it tagging again. Could be time for the break to new highs.
