FDX was oversold not long ago and it's still under its Fair Value.
I expect the shipping companies to make bank this holiday's quarter., especially after raising shipping prices. Black Friday and Christmas are going to ramp up the e-commerce once again.
However, I'll be patiently waiting to enter around the 227-226 (~0.618 fib) level and go long and enjoy the...
Price has been honoring the uptrend and it is on its way to a resistance area around 0.72859 ~ 0.7306 ...
The buy zone is confirmed by trend line, support level at 0.71888 and 0.71 Fibonacci. The target would be 0.72516.
Not a financial advise, trade at your own risk and DYOR