FDX trade ideas
My main stock of my watchlist today June-03-2019Good Morning, today my main stock on my wathlist will be NYSE:FDX , we are below all major averages, below VWAP and we broke 2 very important trendlines, i will look for a fade on the break of pre-market lows after the market opens, all the way down to 145 area, i will never trade pre-market, i prefer to wait and confirm my edge, remember this is a probability game, good luck today!
*Only for educational purposes*
FDX Short-Term Bottom FailingFDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
Dow Transportation Stocks .. Breaking Down AgainDow Transportation stocks are down sharply today,
signaling potential renewed weakness ahead for the US economy
with one of the leading stocks in the group Federal Express (FDX)
busting it's chart wide open to the downside. ( Shown Here)
Weakness in the trucking and airline stocks can be seen across the board today,
with the Dow Transportation Average breaking down, to a new chart pattern low.
One should always pay attention to the signals that the Transportation Average
is giving, as it often is a quantified leader in judging future economic strength or weakness.
The signal that it is giving today
is that the market is clearly sensing
an economic slowdown caused by the China trade war
could easily be in the cards,.. for the US economy later this year.
THE_UNWIND
5/22/19
NEW YORK
FDX daily cypher pattern long opportunity (Video idea)Life is not only about trading but also about English speaking practicing lol.
This is my 1st try for an English video idea, as this set-up is so good that worth a shot!
I'll be waiting for the 161-162 spot to long, and I would take this trade without leverage and take it as a 7% risk trade!
Let's see how it goes yo!
FDX Testing Support, Potential Bounce!FDX is testing support where a potential bounce to its resistance could occur.
Save some powderIf you'll recall, tariffs were originally scheduled to jump to 25% at the March 1st "deadline"... despite the show of good faith to keep them at 10% around the end of Feb, the market sold off anyway trying to challenge the 282 resistance. Now here we are at ATHs, tariffs are going up, and trade talks are all of a sudden not sounding very friendly... should we be surprised at all to see a selloff of equal magnitude?
In my previous posts I've pointed to gap fill at 288.30. I still think we'll hit that level some time this week. In fact I think there's a good chance that level is breached if the Chinese suddenly decide to go tit for tat w/ Trump.
Even tho the hourly RSI painted some bullish divergence, the reading today on the bounce was actually really weak compared to price action. But more importantly check out that daily MFI... it's at its lowest levels since the 1st week fo January, yet we closed right near the prev ATHs. Once that daily MFI punches below 30, it's time to start thinking about BTFD.
FDX Approaching Resistance, Potential Reversal! FDX is approaching its resistance where a reversal could occur.
2 crabs + bearish divergenceWeird that it's technically "breaking out" from a trendline and partially filled the gap around 200, but seeing no upwards momentum at all... The bounds of the crab PRZ seem to be acting as an invisible ceiling. All kinds of bearish divergence on the hourly indicators. Expecting a pullback to 188 here.
FDX Approaching Resistance, Potential Reversal! FDX is approaching its resistance where a reversal could occur.
FDX Ready for Long Post Earnings RecoveryFDX took a hit in Q1 2019 due to a poor earnings report. It looked like a great short going into the end of March, but a strong surge of buying pushed it through the chop zone and into the next level of support. Elevator down through here, so expect a quick surge followed by a test around 200. Target 196-200, with possibility for a strong short play on the reversal.
$FDX Fedex will deliver profitsFedex has had a year to forget, economic slowdown, trade war, dollar strength and miscommunications have made investors run for the hills. Buyers have started to return in the last quarter as the stock provides a good risk reward opportunity. Current indicators point to future gains and the price has just broke over the 100ma and resistance level.
FDX Approaching resistance, potential drop! FDX is approaching our first resistance (horizontal pullback resistance, 38.2% fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level to our major support (50% fibonacci retracement).
Stochastic is also approaching resistance where we might be seeing a corresponding drop below this level.
FDX approaching support, potential bounce! FDX is approaching our first support at 169.20 where we might see a bounce above this level to our first resistance at 183.37. Stochastic is approaching support as well where we might see a corresponding bounce in price.
FDX Approaching Support, Potential Bounce!FDX is approaching support where a potential bounce to its resistance could occur.
FDX potential short FDX looks like a nice short if it can crack the support level on the chart.
Any volume on the break could see a push to the $150ish level
