"FedEx Stock Hits a New Low on China’s Wrongful Delivery Probe" - that's the headline from Market Realist.
It draw my attention and I opened the chart. At first sight we clearly see the vertical fall in the wave 3, and a number of smaller impulses at the reversal (top of the chart). A bit confusing unless you draw the trend line, that had been broken.
Absolutely clear structure as marked in a minute. 125 bucks seems to be a fair bargain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.