FEDEX ; Permulaan kepada strong bear bermula?saya melihat akan ada pergerakan bear yang kuat apabila harga sampai ke paras 190 .
FDX trade ideas
FDX approaching resistance, potential drop! FDX is approaching our first resistance at 183.51 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 155.48 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
FEDEX Trapped Logistics is one of the sectors that RT favors. However with oil prices making new highs, FEDEX's prices are suppressed within this channel.
Long term trend is still up and prices have been hovering around 239 and 240 region.
Just waiting for 2 scenarios to play out at the moment.
1. Break below the trendline to test the 220 region
2. Break above 252 to start a new uptrend.
Reflection: Effectively carrying out a well thought out plan equals to making money eventually:)
FDX Gap ResistanceBuying some puts here at gap resistance, it will be a short term trade (1 - 3 days).
With the market melting up and people putting money back into their 401k, I'm not taking any big short positions for a while. Looks at all the companies that reported crap earnings.... right back to where they were pre-earnings as if China is their main problem...
This is not a sure bet by any means until the market stops melting up.
FDX Approaching Resistance, Potential Drop!FDX is approaching our first resistance at 183.27 (horizontal overlap resistance, 100% fibonacci extension, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 147.90 (horizontal swing low support, 78.6% fiboancci retracement).
RSI (55) is also approaching resistance where we might see a corresponding drop in price.
FDX Approaching Support, Potential Bounce!FDX is approaching support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 208.33 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 3.27% where a corresponding bounce could occur.
FDX Approaching Support, Potential Bounce!FDX is approaching its support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 208.33 (50% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
FDX Testing Support, Potential Bounce!FDX is testing its support at 200.88 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 229.57 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
Sell FDXDaily dark cloud cover
Stoch looking to be flatline
MACD showing divergence
Chikou span showing lower high, quasi double topish formation... look left!
S/L 227.94
T/P 210.96 used gap to fill on hourly for better R/R, strong structure(support) at these price actions levels also
R/R 1.75
Profit Trading
