FDX trade ideas
FDX BEARISHFDX looks like forming a double three correction. I am seeing a wave 4 retracement of wave 3 to 0.382 0r .5 and then further move down to complete wave 5 and wave Y at 0.618 Fib level.
$FDX - death cross near but could have bottomedFDX has had recent issues with labor costs that drove the stock down. Strong day yesterday though and more consolidation from that move today. Death cross (100EMA crosses below 200EMA) is near and normally a bad sign. With this company already down 25%, it seems like the selling should be over. Keep your stops close though because if this is not the bottom, another 10% or so down is expected.
FDX OversoldFDX is oversold on the daily with the RSI sitting at a whopping 17. Too far gone and expect a bounce like most names that sold off the last two weeks. There is a healthy gap above that can fill, especially with the holiday season coming up. Trade is invalidated with a daily close below $217
FDX bearish in dailyFDX in daily is bearish, and there is no signal to change this direction.
In weeky the trend is still bullish, but with a signs of weakness
FDX oversold! Price target and stop lossFedEx Corporation (FDX) oversold on the daily!
Based on support and resistance we have:
Price target: 300usd
Stop loss: 193.20usd
As the market turned bearish...A lot of stocks made a nice short setup.
I'm shorting
BAC
PINS
FDX
DG
UPST
FB
Looking to short AMD
FDX - Oversold - PT: $360RSI indicator showing that FEDEX CORPORATION (FDX) is oversold. We see a reversal to a new ATH at $360.
For educational purposes only.
Daily RSI: 9.26 - Oversold.
Weekly RSI: 21.00 - Oversold.
Bad ER and a downtrending stockI have opened a short two days ago at 229,38 on this stock after what has been a poor ER reception on a downtrending stock. I expect the stock to drift down in the course of the next week.
$FDX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FDX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
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To be a reversal or not to be, that's the question. 📦The price level 230.27$ is from daily time frame, my entry was 229.79 as I saw that after a false breakout of the level there was no movement down and that the instrument was holding VWAP, so I entered there.
potential risks/reward here is 1 to 5.1 meaning I'm risking a 100$ to make 510$
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fedexwent long on call before earning, and got crushed, earnings not too bad, company fukd up saying they cant keep up with demand, that really scared people away, now not gona touch this for atleast next earnings, it should consolidate avobe 222 here is showing support around 222 and 2227
9/20 FDX(1) if stays above 250 (mid line of tunnel), shall be good to go
(2) if not, 235 next support
fdex ideaearnings coming in next week , if it misses estimates it could fall to 237 where its a good place for scalps, but technicakky is oversold now, any positivity from the earnings would surely bring the price to 275 at least.
$FDX - also looking like a reversal potentialFDX closed with a nice hammer today. Still need follow through tomorrow but great company and has pulled back nicely here. It is in my 2022 stock portfolio as well.
FEDEX gap upFedex presents a GAP formed on 7/21/21.
The GAP would be filled at around $297.50 which presents a swing idea from the current sock price of 263.64.
Closest support is at 258.43 which if respected would be a good entry price for this play.
I am a beginning trader and I welcome all comments &/or suggestions. This is just my plan from what i've learned
DAY TRADING GAP & GO WHAT TO LOOK FORThe principal of a Gap & GO is taking advantage of a big overnight move that no one expected going against the present trend. People are in fear as they are seeing their swing profits going down the drain and automatic stop losses are about to get triggered at open
For this example, i did a short Gap & GO trade. (for long Gap & GO you look for opposit)
On the Daily what do you look for (premarket time before open) :
- prior day candle to be in the opposite direction of the gap
- previous week trend (few previous days) opposite direction of the Gap
- On your scanner, set up filters to have at leat 3% or more gaps if you need it (me i just eye ball my favorite tickers on the daily)
On the 30 min or 15 min chart what do you look for (premarket time before open) :
- look for prior pivots where people have their stops, if the gap is below multiple pivots you have more chances that it will take out many swing traders from the smart money guys who went in early to the chasers
- check where are the Daily SMAs 20, 50, 200 if you break some Sma that is even better
- check the volume on the previous days prior to gap, if you see some good volume bars even better as more people trapped
- look on the screener for nice premarket volume at least 50K vol 30 min before the market open or you can tell just by looking at the premarket intraday it has to look clean with a nice continuation of candles
like everything in Trading, it works till it doesn't so watch out on your entries and respect your rules
don't go in YOLO because it is a GAP and GO
Have a good one!!!
$FDX// Butterfly{s) // $RLMD Butterfly w daily engulfing candle, 290 can trade, 2% risk max to account.
$RLMD as well both of combo scan from tc 2k, via Pradeep Bonde/ @Stockbee Best in business, hands down imo
$FDX Bounce off 200 EMAGreat looking chart here with a nice bounce off 200 EMA. Several analyst have them rated buy/strong buy with PTs in the $350+ range. Deliveries should continue with concerns over delta variant. This cooling off period looks like a nice entry point.
8/16 FDX(1) back to the support
(2) 288-294 gap wait to be filled
(3) for now I'd wait for FDX to stay stable above MAs first
