If you haven`t bought FDX ahead of the previous earnings: Then analyzing the options chain and the chart patterns of FDX FedEx Corporation prior to the earnings report this week, I would consider purchasing the 250usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $16.50. If these options prove to be profitable prior to...
FedEx ( NYSE:FDX ) astounded Wall Street with better-than-expected third-quarter earnings for fiscal 2024, despite revenue falling slightly short of expectations. The shipping giant's robust performance comes amidst a backdrop of economic uncertainty and volatile macroeconomic conditions. As FedEx ( NYSE:FDX ) maintains its outlook for the remainder of the fiscal...
I wouldn't be mad owning FDX down here and getting paid a tad to do it. BUY LOW, sell high!
Fedex is breaking out. Looking for a continuation of the prior uptrend to test May 2021 highs!
CAT does great when the global economy is booming. Not so much when it's not. As such breaking this key area of this structure suggests we are near a recession. As I posted before with FEDEX and many more that are not published here, there are many suggestions we are heading for a recession by market participants. CAUTION!
FDX is certainly not the holy grail of analysis when it comes to the global economy. However, we cannot ignore what the market is saying about it either. We already know for a while now that OPEC cut oil production due to a lack of demand globally. We also know that oil prices spiked due to the Russian invasion of Ukraine. The US countered that spike in prices...
FedEx Corporation - 30d expiry - We look to Sell at 269.78 (stop at 277.78) Posted a Double Top formation. We look for a temporary move higher. The trend of lower lows is located at 270. 270.46 has been pivotal. We are trading at overbought extremes. Our profit targets will be 249.78 and 245.78 Resistance: 250.00 / 258.00 / 270.95 Support: 241.04 /...
FedEx Corp. (FDX) presently testing meaningful support, able to absorb weekly selling pressures. From here, (FDX) can gain bullish momentum and turn higher into later year, eliciting gains of 20% over the following 3-5 months. Inversely, if a weekly settlement below this support level occurs, (FDX) would be placed into a sell signal where losses of 20% would...
Fedex opened higher today following the favorable fundamentals, ignoring the overall weakness on the market in the Fed aftermath. Two days ago it achieved a rebound on the MA100 (1d), exactly at the bottom of the Channel Up that started exactly 1 year ago. Trading Plan: 1. Buy on the current market price. Targets: 1. 292.00 (-0.382 Fibonacci extension, same as...
If you haven`t bought FDX here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of FDX FedEx prior to the earnings report this week, I would consider purchasing the 220usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $1.96. If these options prove to be profitable prior to the...
FedEx Corporation - 30d expiry - We look to Buy at 232.11 (stop at 224.61) Daily signals are bullish. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. A lower correction is expected. Bespoke support is located at 232. This stock has seen good sales growth. Our profit targets will...
If you haven`t sold FDX here: Then analyzing the options chain of FDX FedEx Corporation prior to the earnings report this week, I would consider purchasing the 250usd strike price Calls with an expiration date of 2023-7-21 for a premium of approximately $3.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
A repost of a W pattern, revised. I view this as a bullish pattern with the right arm of the W yet to be experienced. Bullish on this daily chart.
Angled W pattern is seen if you place the bars pattern like this I have labelled similar points with numbers. 2 being the double bottom of the W and 1 being the highs while 3 being the middle. See if it plays out.
After a moving down, we could see a pullback to a Support area at 226-227 Entrace= above 223.46 StopLoss= 220 Take Profit= 225.95
Initial Thoughts: Incredible day, markets closed friday, minimal inside day setups SPY - Mentioned yesterday that we were bearish going into today for a number of reasons. Early on in the session we saw SPY push up slightly only to be rejected by a downward trend line created in premarket. We hit our downside target at the mid 406 level and even pushed lower than...
SPY - We were spot on with our analysis going into today's session. Last night I mentioned that we had a strong close on the daily and weekly and that I wanted to see us push higher. We also stayed within a 1% range today as I had also hoped to see (.71% range total today). Didn't quite get the movement we were hoping for (Inside Day), but we still were accurate...
Initial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week. SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because...