Whats next for Fedex?Fedex is falling with in parallel channel, first it will have to come out side this parallel channel then recovery can be in parallel channel. It has so many support levels, current support is 246, then 240 $..then 230..then Long term trend line @ 213.. by a4ankurbhutaniUpdated 3
FDX double bottomright in between the 100 and 200... and it certainly looks like a double bottom.. let's check in on Monday and see what it's doingLongby not_yoda110
FDX Swing with Lines01/21/2021 Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play. My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price. Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry. Key Levels: Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days). Resistance: $256-257, $276, $293. I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there. Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.Longby Itolav0
FDX swing01/31/21 Currently trading at 235.34, about to approach the 200EMA. I posted the chart so you guys can see what I see. This MA has been STRONG support and resistance for $FDX in the past, and now its looking to approach directly into the number. With strong fundamentals, and a contract to ship the COVID vaccines around the US, I am expecting this to be a good play. My prediction: FDX will slowly go towards the 200EMA, touch it and bounce, or stay on the number. UPS delivers earnings reports on 2/2, if they blow out of the water due to the high demand (bc of vaccines), you can expect FDX to also rally strong. My prediction is price will stay near the 200EMA, then rally away once UPS beats earnings. FDX can also go into the EMA, bounce away and use the UPS earnings as momentum to accelerate away from price. Note: This trade fails if it gaps below the 200EMA, and it starts closing daily below it. If you can, you want to take the trade very close to the 200EMA, maybe even a little above, cuz you don't want to miss the entry. Key Levels: Support: $230.27, $226.47 (The 200 EMA as of Friday), $217.50 (where I expect the 200SMA to be in a few days). Resistance: $256-257, $276, $293. I would take the 250C or 270C option if possible, maybe a mid march expiry. The 255C option will see a big increase in price once it reaches the 255 goal, I would take some profits there. Also important to note: This is dependent on the SPY not taking a massive shit this week, because it has been closing very weak as of late, and I would not be surprised if the whole market takes a downturn from here. If the market can make a recovery from here, then this play is much much more likely to work.Longby Itolav0
💡$FDX 📚 More upside for FedEx? 💰+15%📈FedEx looks primed to continue its bullish price action after a 20% pullback from all time highs. There is some resistance to support to watch out for at $258. The short term trend is still bearing, so watch for a break of the descending trend line and a break above $258. The MACD is also curling up for a crossover with bearish volume decreasing on the Daily chart. The last three trading days have seen some good green candles with nice volume. A continuation of the long term trend could see 15% upside, with 6.6% risk (R/R: 2.36). There are some previous levels of resistance from previous price action to be on the look out for. It might be worth noting the median price forecast for FDX is $335.5 which is 33% from current prices. 🔎This is not financial advice. Always do your own research and due diligence. Longby zvissssUpdated 0
Daily Bullish Divergence after Trendline BreakFEDEX Looks to be ready to try and make higher lows i see no harm in giving this long a shot. Stops, Targets, and Entry are shaded on the chart.Longby RizeSenpaiUpdated 665
FDXNot the most bullish thing I've ever seen. Lose $242 & I think the 200 day could come quick.Shortby Essendy1
FDX Cup & Handle ContinuationFDX had a great reversal from the recent pull back. It has held the 10 day and looks to be forming a cup and handle . We need a break of the handle to get some more confirmation. Watch a break of the recent highs for a break upwards.Longby itshabib0
FDX LongFDX looks to be holding in a possible channel and "possibly" putting in an inverse H&S. 266 all the way up to 288. There are some gaps, but they haven't been filled in a while and don't expect them to beLongby Lau_NetworksUpdated 3
fedexsharpening up the gig they cut labour, integrated new delivery in Europe and bought new jets from ailing westjet, instead of leasing them. divergence with b/tby hillbilly2500
FedEx Corporation - Textbook bullish setupTarget - green box Invalidation level - red lineLongby UnknownUnicorn39137604
FDX - Hovering near key area of support/resistanceFedEx NYSE:FDX is hovering near a resistance area which it had previously broke prior to the start of the new year. However, in recent weeks, FDX has since fallen below that key level and appears to be retesting it. Just a few days ago, it tested the $255 area but failed to break through it. It appears that FedEx is trying to push past this area again. We will keep our eyes on it as time progresses. Fed EX is currently trading 16% below it's recent highs. REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.Longby UnknownUnicorn67754235
Reversal back into the range? #stocksThe Chart: If price can break this down trendline I am looking for the stock to move higher back into the range. Looking for the opposite of the downward reversal back on December 8. The Narrative: Despite the reopening online sales will continue to grow. Although Amazon is increasing becoming a competitor, the shipping market is largely a duopoly and as the economy improves they should have pricing power. by IngenuityTrading0
$fdx; buy idea$fdx down 17% over last 30 days; daily RSI sub 40, turning back up; peg ratio 0.95 ; 28 % inst. ownership up 2.75% on quarterby dilille0101
FDX (Overall Bearish)FDX (Overall Bearish) 1 Hour Chart : Above 249.2 TGT 253.3/257.6 Below 247.8 TGT 245.6/244/242Shortby Kindredd21
FDX over 253.19Oversold bounce play, look for a reversal pattern and daily close over the breakout level. Good for a swing as well. Stop loss is a lower daily low.Longby SpinTrades6
Fedex For a Swing TradeGood morning everyone. Now I don't consider myself anywhere near as experienced as the other members here, but here is why I'm swinging fedex this week. -Price level has reached a significant volume week we had on the ascend prior to this large pullback, I highlighted this area. I'm trusting this level will at least bring some action due to longs adding to those positions, shorts taking their gains from the recent weeks, and new investors finding this pullback attractive here. -The RSI is bouncing on those previous RSI levels too - see the RSI indicator trendline I've inserted for you. -UPS had a pretty nice gain yesterday too with +2%, this may bring attention to FedEx as traders see this while scanning their gainers and losers afterhours. -So, I decided to jump into FDX for an option swing on yesterdays lows. I purchased 10 February 19th/300 strike. Goodluck everyone, and again I'm loving this group and platform. Very friendly and very well organized. Longby scott239florida111
$FDXBullish gartley, falling wedge @ horizontal support. Daily and 4hr classic bullish divergence on the MACD. Stop = Below horizontal support 1st Target = Gap-fill and 'A' 2nd Target = 'C'by Joshh_TradessUpdated 225
FEDEX downside has ended wave structure is now ended to the downside wave A X 1.618 = TODAY LOW FOR WAVE C DOWN LOOK FOR A RALLY AT A MIN TO .618 BACK UPLongby wavetimer1
Pull Back Fishing??Or is it time yet? FDX had a very steep rise and it appears some of the folks are getting off the boat..Looks to be forming a megaphone pattern. MP patterns tend to reverse price swings after 5 swings within the pattern. They usually either break up or break down. It is a broadening wedge formation. May be another swing up but only time will tell. I am afraid of heights, so not getting on up here Neutralby lauralea220