FedEx updatePrice currently at the uptrend line, which was confirmed. Also 50% retracement level. With recent earnings disappointing and news came out today that there will be no renewal deal with Amazon at the end of this month.
While it is a good level for a buying opportunity, the stock seems to be more on the sell side for now. Major banks like Morgan Stanley and JP Morgan gave it a 'hold' rating and a price target of $143 and $173 respectively.
So far, higher probability is that this stock will go lower, so maybe best to wait for the next support if this one breaks and buy then. Or short the break of the current 150 support level. Good Luck!
Shares
Possible SIS ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.110 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.110
ASX:SIS
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.110
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Snapchat updateAfter disappointing IPO, Snapchat fell to $5, practically crossing to penny stocks territory. Investors kicked in to buy cheap stocks and the price rallied. That seems like the end of wave C and now the new wave count started up. Wave 3 seems like over, now waiting for the wave 4 to complete before buying in again to catch the 5th. After very good Q2 earnings and new users added, projections for Snapchat look much better and price is expected to rally further. Good Luck!
Astom Martin updateAston Martin had a bad run from the start as the open price of 1915 plummeted to, currently, 460 area. Recent word from Merrill Lynch changed the forecast from 'buy' to 'hold' as Aston issued profit warnings and earnings forecasts were cut by 40%. This is where investors are waiting for the stock to become cheap enough to buy, but it seem like it could still go lower before the big institutions commit to the this stock. Potential short term trade on the long side as we retrace a little here. Good Luck!
Amazon updateLast week saw a slump in Amazon share as $2.9b worth of stocks were sold, some by Bezos himself to fund his rocket company 'Blue Origin'. Also, trade war caused a panic in the markets. Now at 200SMA daily and 78.2% retracement. Good opportunity to buy with great risk reward, if this level holds.
Possible PDI ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.034 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.034
ASX:PDI
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.034
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NCM targeting all time high and the 2.618 fib levelNCM looking golden. Shorts around all time high resistance and longs at overall support level.
WPL entry zones and sell zone right up there.WPL is very volatile so entries are key to this market. aggressive entry at the .618 and long term support entry at the 1.618. Overall I am short on WPL.