📈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...
FedEx's exchange rate is declining. Our assumption is that the exchange rate drop will continue at nearly the same rate. Our primary target price is 180.87 usd. We will pick up a long position again from this level. At this point, the correction axis will be the target price near usd 213.67.