FDX
FEDEX - BULLISH SCENARIOFedEx is scheduled to report its fiscal Q3 2022 results on Thursday, March 17.
Revenues and EPS are expected to be above the consensus estimates.
With an average target price of $308.42, FedEx seems like a good opportunity today for long-term investors.
The first resistance is located at $238.
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$FDX - Downside Trade OpportunityOverall market weakness and real life events such as trucker protests and more can lead to downside trade set ups. In this case, despite $UPS's strong earnings, most of that move has been given back. With sentiment shifting towards energy, banks and other defensive stocks. Money is coming out of these, otherwise fundamentally strong, businesses.
$FDX has a massive head and shoulders. A smaller one has formed on this right shoulder which can be a trade in and of itself, but for the present I'd like to focus on the larger one.
A head and shoulders is characterized by 3 high peaks, the middle one being the highest of the 3. Traders often enter at a break or retest of the neckline due this being 'confirmation' of the impending downside move. In this chart, we did a fibonacci retracement from the HH (higher high) to the LL (lower low). A clean rejection at the 0.50 fibonacci so far as led to a $36 downside move.
I don't think we're done yet though. I believe we will see at bare minimum: $216 and very possibly even $191.
Hopefully this analysis/breakdown is helpful. Please like and follow!
Warwick, OptionsSwing Analyst
$FDX Weekly - what is the path of least resistance ? FDX weekly - is the shaded box "higher lows" and thus preparing for a rally to ATHs ? Or is the shaded box a Bear flag with a break down imminent.
Time will tell ... Looks oddly similar to APR-MAY 2019 price action
My bias is to the downside but will wait for confirmation - no trade for me ... yet
#FDX $FDX looking to break out upwards strong trend from DecFDX has shown a solid pattern on the uptrend for the last month or so, and is currently within reach of ATH. Shipping is getting more expensive, and FDX is in the process of a share buyback program. I can see this going to 285 or so, top of 300.
NFA
$FDX beats the EPS #thestrat$FDX beats the eps and revenue rises but the labor shortage still affects the business. $FDX is squeezing out and buyers at 1hr charts looking strong. chart setup looks a bullish reversal if the momentum continue.
buy call above 255.09 sell at 257-259
buy put below 247.70 sell at 244.45
always take profits as you see one. always follow your plan and risk management.
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To be a reversal or not to be, that's the question. 📦The price level 230.27$ 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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FedEx (FDX) bearish scenarioThe technical figure Triangle can be found in US company FedEx Corporation (FDX) at daily chart. FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational shipping & delivery services and supply chain management company headquartered in Memphis, Tennessee. The Triangle has broken through the support line on 28/07/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 9 days towards 274.60 USD. Your stop loss order according to experts should be placed at 301.95 USD if you decide to enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FDX - on the move!-Wolfe wave triggered today (daily)
-Daily TTM Squeeze Scanning (avg squeeze time is 6
and we're on 7. It's bound to fire soon.
-Breakout level is 300 and we broke it today
and got rejected at 50DAY SMA.
-We have a 1hr demand zone around 296 - 297.90
would love for it to come down that area
to enter long.
Contract Suggestion:
7/16 302.50C @ 1.75
7/16 305.00C @ 1.06
7/23 310.00C @ 1.40