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FEDEX CORPFF

FEDEX CORP

190.309CHFR
+2.317+1.23%
As of today at 07:31 GMT
CHF
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FDX trade ideas

Rising WedgeRising wedges are most often bearish and are considered a terminal pattern. The pattern is not valid unless price breaks the bottom trendline of the wedge (311.50) and these can be very long term patterns. Both trendlines slope up and converge at the apex. Rising and narrowing wedges represent too much buying without adequate pull backs. This interrupts supply and demand. As a rule, the security will find support at a level within the wedge. Occasionally, price will fall to a level that is parallel with the bottom trendline of the wedge. If this were to happen, it would put price close to the handle low. I have noted that a strong security rarely falls the full amount from a rising wedge pattern. Long after fall is complete and FDX is in recovery mode, which could be tomorrow for all I know. I sold this and am waiting, patiently, to buy it back. (o: Negative volume has decreased significantly. No recommendation. Sometimes it feels as if learning to trade is a marathon, and not a sprint (o:
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by lauralea
Cup and HandlePossible pull back. FDX appears to be in a small rising wedge. Price recently pierced the top bollinger band set on an 80 moving average which is a bullish signal but price was drawn back inside the bands, which is where price likes to live. No recommendation This may or may not fall any further. If so I am guessing it wont be a long painful pull back, but just guessing because no way to know and market has been on the funky side as of late. Today's candle is a red doji, similar to a spinning top right now, but that can change by the end of the day. The doji and spinning top represent indecision, the spinning top has a small body whereas a doji little or no body in the candle. A few minutes ago the candle was a spinning top but has morphed in to a doji within 15 minutes and could change by close. The red doji is over yesterdays green candle, and it looks like todays open was higher than the close yesterday. The open is at the top of a red candle. There appears to be a bit of a battle above the handle right now. The doji is hovering over yesterday's green candle. The green candle has an open at the bottom and the close at the top. Both red and green candles have the top wick as the high and the bottom tail as the low. The 3 outside down candle pattern, also above the handle and a few weeks ago, starts with a green candle in an uptrend. It is followed by a red engulfing candle (this candle opens higher and closes lower than the green candle and engulfs the green body of the 1st candle). The last candle has a lower close than the previous 2 candles. It is 3 candle pattern and is considered bearish.
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by lauralea
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