FDX is all set to test the previous resistance of 165The chart indicates the FedEx is all poised for a jump again to test the previous test level of 165. The volume is slowly building.
FDX trade ideas
FDXTrade tension has brought a lot of uncertainty with cargo airlines in the recent years. Until there is clear resolution there will continue to be volatility in the stock. Potential rejection on trend line back down from resistance as new lows continue to be made.
Buy and sell opportunity:Buy and sell opportunity: wait for a bullish and bearish reversal in buy and sell zones respectively.
Trend analysis:
Monthly - down
Weekly - down
Daily - up
Hourly - side
Long-term opportunity: sell
Short-term opportunity: buy
Gap up FDXFDX fell down from 171 to 158 Gap down, during the earnings.
Its possible to fill that Gap if the trend continues and crosses the 160
FDXOverbought yesterday on MFI. Breaking trend on MFI & RSI and Accumulation/Distribution could be next. .618 retracement would put it to $149.78
MACD is turning over on daily, and is approaching red on Hourly tf on up.
$FDX Maybe look a little closer at a short trade off this bounceup 5 days in a row watching for a short entry
FedEx: FDX looking bearish Long putsim longing punts (puts) for a day or 2 on $fdx. ill post detailed trade plan analysis after my targets are hit..
They're already posted on my stocktwits room and my facebook page, the fans saw it first.
