FedEx Corporation - 30d expiry - We look to Buy at 200.11 (stop at 190.48) Daily signals are bullish. Levels below 200 continue to attract buyers. Trading close to the psychological 200 level. Bespoke support is located at 200. We look to buy dips. A higher correction is expected. Trading has been mixed and volatile. This stock has seen good sales growth....
SPY - Going into todays session, I mentioned that I had a bullish bias that I was only 75% confident in due to the downside gap that remains unfilled on the daily, and because we were sitting on a daily upper trendline. SPY gapped up for the second day in a row and closed green, confirming our overall analysis, but created a failed 2U, which leads me to believe...
SPY - Interesting day on SPY. We said yesterday that the markets could realistically go either way, but we were watching more so to the downside due to the failed 2U formed on Monday that was followed by a 2D yesterday, and having that small bearish bias by simply playing what is in front of us vs using other reasons for bias. SPY ended up gapping up premarket and...
SPY - I had no real bias going into today's session other than mentioning last night that downside was more likely to come today because of the failed 2U daily created on monday. We closed slightly red after seeing a decent drop to the high 393 area, forming a weak bearish 2D. Going into wednesday (3/29), I am hoping to see some downward continuation to the...
FedEx had a better than expected ER push that is slowly subsiding as well as the country heading into recession. Large Gap to fill at $205 which looks to happen sooner than later. Nice short or put setup here.
After my last Price Target was Perfectly reached: Then you should know that looking at the FDX FedEx Corporation options chain ahead of earnings , I would buy the $180 strike price Puts with 2023-6-16 expiration date for about $6.60 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read...
FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73) Traded to the highest level in 22 weeks. Trading close to the psychological 200 level. Levels below 200 continue to attract buyers. We are trading at overbought extremes. A lower correction is expected. The sequence for trading is higher highs and lows. Our profit targets will be...
Similar pattern appearing on the DJT. Will we see the upside move completed or will it fail like it did in 2018/2019.
Studying FDXs 2008 bear market pattern. Looks like we are going to rapidly rise into next week and fill that gap before dropping off a cliff?
FDX Analysis: On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October...
Looking at the FDX FedEx Corporation options chain, i would buy the $125 strike price Puts with 2023-6-16 expiration date for about $8.12 premium. Looking forward to read your opinion about it.
Purchased more calls, further out $150 Nov 4th calls. FDX should bounce to $175 and can go down to $141 ish support after breaking $152 support. Way oversold, false bear flag.
I believe FDX is going lower as per my analysis. I will keep it updated to see how it goes. I will go long for whenever the chart tells me we're done with A wave.
FDX is one of my favourite bellwether stocks to show economic strength or weakness. The month stochastic is showing overs old but price can still push down to support.
FDX very much oversold on many indicators and time frames. Bounce back to $175!!
NYSE:FDX Possible Scenario: SHORT Evidence: H&S, Price Action TP1: 198$ we are in a bear market, and it formed H&S in weekly and monthly charts, so it is very reliable. PUTs for the next 60 days will print. it's in the oversold territory now, so a rally based on technical is very possible, I'll open a position with 30% of allocation and I'm ready for averaging...
FDX oversold and overdone. I would be looking to buy at long term support of $151.50 for a bounce back to $175. Why is anyone surprised by the ER and guidance withdrawn lol