FDX trade ideas
Fedex is riding the coat tails of the industry.June quarterly earnings by FedEx was a 180% surprise to the downside. While UPS posted a 90% upside surprise. Then FedEx drove its price based on Stamps earnings all which ignoring that FedEx under performed its industry.
Pompous FedEx is completely disconnected from reality.In what world does a company that is completely reliant on on a healthy economy believe that it somehow should increase its value by almost 30 percent in the past 10 days while the world economy is the worst in history. Time for a huge wake up call. Plus a .65 cent dividend? Ok.... So the perception is that they are doing well to move the stock and trap investors, when reality comes through in those numbers and this craters 50% everyone will realize how where the heart of this company truly lies
FDX: Ascending triangle, Confirmed and 100% filledAscending triangle, Confirmed and 100% filled
Could reverse on 170 resistance.
Watching to see if it will reverse and fill the gap up from June 2020.
Wowza!! Fedex is ridiculously overbought last gap at 108 and .78 from this level being 106 looks like this has a major correction in its future
FDX 176-80Looking for a breakout above 168. Alerts set. Only issue is the volume is super low. Clear skies to 176 after the 168 break. Aug 7 or later calls.
Cup and HandleClosing in on B/O
Rising wedge and gap up noted
waiting on substantial pull back
Not a recommendation
FedEx May Get a 10% Move HigherBasing above multiple levels of short and long-term support. Consolidating in a tight box. Target outlined.
$FDX FedEx with multi-day flag forming. Next leg up incoming. Looking like a snacc for intraday/2-3day swing
Fedex Corporation FDX, a stock we must monitorFedex this is the stock we are going to get in and out.
$FDX in a higher degree correction completing Wave ADisclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
FedEx EWHave carefully constructed this. I don’t think Fedex could continue go up and it will probably be influence by Covid19 seriously. I think it’s bearish in the short term but of course be careful with the invalidation price level.
OPENING: FDX JULY 17TH 126/155 SHORT STRANGLE... for a 3.41 credit.
Notes: Plain Jane directionally neutral in the July cycle.
FedEx: Still room to grow. Aiming at the 1W MA200.FDX has seen enormous rise this week, breaking above the 1W MA50 (RSI = 59.573, MACD = -0.910, ADX = 28.559). Despite that, it is still undervalued both on the short and long term. Based on its recovery after the Subprime Mortgage crisis (the pattern then is very similar to today), it is aiming at the 1W MA200 on the short-term (right now at 192.71) and on the long-term to new ATH.
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
$FDX Fedex $165 Target short term
Possible long entry upon breaking downtrend.
Upside target to Fibonacci .382 target @ $159
Previous pivot high target $165.00
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
