FDX trade ideas
FedExBought here at $185.77 on an 8% pullback from its hi of 201.57 about 3 wks ago. Demand Zone highlighted in yellow. Using a stop loss around 185.50 for this one. 1st target 191.5.
S&P 500 Investment ComparisonI invested in six companies and compared them all on one graph to the S&P 500.
FedEx Among The Most Dangerous PossessionsBoth Elliott Wave and fundamental analysis claim FedEx stock is too overvalued.
FDX trendline approachesOn watch for a bounce off the trendline which offers the potential of an inverse head and shoulders.
FDX @ important level wait for bull candle patternFDX @ important level wait for bull candle pattern
FDXLooking for a break and a daily close of the descending trend line.
I look to target the 1.272 extension of 175.5
$FDX Inverted H&SPotential inverted head and shoulders on $FDX daily into an ascending broadening wedge.
Expecting a nice move up from here.
Fedex Short OpportunityFedex Looking short as fundamentals are saying to sell this up right away plus it is rejecting over major resitance
FEDEX forming another double topThis FDX weekly charts is one of my favourites. When I see a double top it is a very good indication that there will likely be significant downside. Lets see
Bullish update on FDXFDX has started another rally that has more to go short term and long term. We need to move above 185 to end something. We are not there yet thus rally not over. How exactly we will get there is another story.
Short term it appears we need at least another push up but it would look better the way I labeled the climb as shown here on this weekly chart. Doing just that going into May then that would be a case of "Sell in May and go Away".
Becareful of your Deliveries....Price is retesting the high with great force....Watch for a rejection back down to consolidate before it resumes the uptrend.
