FDX trade ideas
FedEX looks like a winner This overnight deliver has to show up or be a pig and then come back and redeem itself! On the Daily we see a hammer and up. on the 60 minutes i have noticed that we have pivot as a rest and go I would probably make this a long-term support . I would like to see this ground shipping to hit $255.58
good idea tradingwhy I think that fedex it is a good trading opportunity?
1) The history of the price have a good test moving average , the MA200, and de Ndx, Dow30 and SP500 have got too.
2) I can see solid MACD and Rsi divergence, we saw to day in SP500.
3) To day we have in the graph dragonfly bullish doji pattern, this is a good trading bull signal.
Example of a Doubletop pattern on FDX stockFedex corp stock price, formed a doubletop pattern. This pattern consists of the following: the price move higher and is rejected in a resistance (first Top). then it goes down and makes a minimum (neck line) and bounces back to the previous resistance making a second Top and bouncing back towards the neckline and breaking it down. To confirm this pattern, the price should close below the neckline. At this point you should make a short. The profit is the distance between the maximum price and the minimum price.
In some cases you can see a pullback. This could be a second chance to short the stock.
FedexWe have been bullish on Fedex for quite a while but now we are taking money off the table and walking away from it. The chart just does not look good. Actually I should say it does look good if you use the Ellliot waves because one can make a case since the 2009 low we do have a clear five waves up indicating somekind of top is at hand. We might chop our way higher but any gain from here should be limited.
The overall transport complex appears ready to take a break. We are too.
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
