another trade with FDXFDX is looking strong with a long uptrend
last few weeks were in my opinion a correction and price created a buying opportunity
price broke above small downtrend channel and formed a inverse H&S (no confirmation yet!)
firs i see price closing gap at 217 and if breaks above the highs could have great long term potential
FDXD trade ideas
FedEx's exchange rate is declining.FedEx's exchange rate is declining. Our assumption is that the exchange rate drop will continue at nearly the same rate. Our primary target price is 180.87 usd. We will pick up a long position again from this level. At this point, the correction axis will be the target price near usd 213.67.