FDX trade ideas
FEDEX gap upFedex presents a GAP formed on 7/21/21.
The GAP would be filled at around $297.50 which presents a swing idea from the current sock price of 263.64.
Closest support is at 258.43 which if respected would be a good entry price for this play.
I am a beginning trader and I welcome all comments &/or suggestions. This is just my plan from what i've learned
DAY TRADING GAP & GO WHAT TO LOOK FORThe principal of a Gap & GO is taking advantage of a big overnight move that no one expected going against the present trend. People are in fear as they are seeing their swing profits going down the drain and automatic stop losses are about to get triggered at open
For this example, i did a short Gap & GO trade. (for long Gap & GO you look for opposit)
On the Daily what do you look for (premarket time before open) :
- prior day candle to be in the opposite direction of the gap
- previous week trend (few previous days) opposite direction of the Gap
- On your scanner, set up filters to have at leat 3% or more gaps if you need it (me i just eye ball my favorite tickers on the daily)
On the 30 min or 15 min chart what do you look for (premarket time before open) :
- look for prior pivots where people have their stops, if the gap is below multiple pivots you have more chances that it will take out many swing traders from the smart money guys who went in early to the chasers
- check where are the Daily SMAs 20, 50, 200 if you break some Sma that is even better
- check the volume on the previous days prior to gap, if you see some good volume bars even better as more people trapped
- look on the screener for nice premarket volume at least 50K vol 30 min before the market open or you can tell just by looking at the premarket intraday it has to look clean with a nice continuation of candles
like everything in Trading, it works till it doesn't so watch out on your entries and respect your rules
don't go in YOLO because it is a GAP and GO
Have a good one!!!
Fedex formed a cup and handle pattern and is about to break outNYSE:FDX is about to break out. Long the break out to target 394.5$, stop loss daily close below 200 MA.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
FEDEX sitting on MA200 support Fedex reached ATH on May 27 and since then it has been sidetracking and recently gapped down on Jul 27 (2 months later) and now sitting on the MA200 support.
Is this a good sign ?
My analysis is that, the bull run is probably for the time being and fedex could be going sideways for a while and might even break the MA200 support.
Chance of it breaking is QUITE HIGH
Looking at the Dow Jones Transportation, the sector seems to be underperforming compared to the SPX and Dow indices. Please look at my previous post on UPS and DJT.
FedEx (FDX) bearish scenarioThe technical figure Triangle can be found in US company FedEx Corporation (FDX) at daily chart. FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational shipping & delivery services and supply chain management company headquartered in Memphis, Tennessee. The Triangle has broken through the support line on 28/07/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 9 days towards 274.60 USD. Your stop loss order according to experts should be placed at 301.95 USD if you decide to enter this position.
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FDX massive potential this weekFEDEX is primed for a breakout this week. Will be paying close attention to XLI & UPS. FDX has had a 10% move the last 2 times UPS reported earnings. I don't expect 10% again but I wouldn't rule it out either. 10% puts FDX around $326. Symmetrical triangle has formed and ready for a move to the upside. Looking at playing the 8/6 $300 call options. Sympathy plays around earnings are much more profitable since options IV are much lower. (See Facebooks sympathy run off of SNAP & TWTR earnings last week)
FDX - on the move!-Wolfe wave triggered today (daily)
-Daily TTM Squeeze Scanning (avg squeeze time is 6
and we're on 7. It's bound to fire soon.
-Breakout level is 300 and we broke it today
and got rejected at 50DAY SMA.
-We have a 1hr demand zone around 296 - 297.90
would love for it to come down that area
to enter long.
Contract Suggestion:
7/16 302.50C @ 1.75
7/16 305.00C @ 1.06
7/23 310.00C @ 1.40
$FDX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $FDX after a Negative Under reaction following its earnings release placing the stock in drift D
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FDX - Stock and Option Calls/PutsA plan - I think, it can be happen bullish to about $318 as top hill as good start with Puts from top hill. The result can be fat money.
B plan - it can be happen breakout and bearish to cross $250 that zone. so wait for confirm to entry puts on contact.
(not financial advice disclaimer)
