Large Gap to fill on FDX ...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.
FDX trade ideas
FDX FedEx Corporation Options Ahead Of EarningsAfter 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 your opinion about it.
ResistanceWe are in a sideward movement at moment but facing a sufficient resistance to allow a corrective move. The resistance goes back until March 2022, had been tested 6 times. The more we had opened a window on September 19th which has been closed on 11th January just now. This resistance is as well supported by the top of the Donchian channel. I think that a short position within the channel is justified.
FDX ganns Absolutely insane. It respects it a lot. I made this many months ago right after my last FDX post
FedEx looking for a psychological support.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 225.48 and 229.48
Resistance: 217.39 / 225.00 / 230.00
Support: 209.19 / 200.00 / 192.81
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Up from a RectangleHard resistance overhead (R).
The resistance is from a prior gap down.
Earnings in March.
Short is 2.26%
No recommendation.
EPS (FWD)
13.65
PE (FWD)
13.69
Div Rate (FWD)
$4.60
Yield (FWD)
2.46%
Short Interest
2.26%
Market Cap
$47.17B
FDX LongDaily trend line break + retest
Entry 157
Stop 140
Target 196
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
FEDEX #fdx - Fedex #fdx is in a clear sell/short range now. if the market is able to continue the momentum we could see #fdx reach 205/210 level but needs alot of liquidity to break resistance. the stock clearly respects the trend lines on the chart based on its history.
likely downside levels 120 short term, 106 and lastly below 100.
its best to wait and let it play out itself for the next 2 weeks to get clarity and possibly short for a good 50% return.
FDX Following its '08 Pattern?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?
FedEx: Bearish consolidation in short term?Hi everyone!
FedEx's main trend still remains bearish, but in the near term we are following an interesting technical rebound, that said, our guess is that the price action might need some consolidation on the intraday chart with a target 1 around $168.
If you think our analyzes are useful, support us with a simple "Like & Comments", thank you and trade with care! 💖
Silver is also a recovery metal.Silver is also a recovery metal.
Look for it to rocket when FedEx starts outperforming US equities.
#fintwit #gold #silver #inflation #recession
Reversal inbound ?Head and shoulders retest. An aggressive short would be too short at the neckline. A more conservative short would be the wait on channel break down.
FEDEX, swing, pullback or reversal? The price has done a few lower highs, and perhaps it will continue to bounce at the SMA50.
Federal Express Corporation 1971–1997 FDX CorporatAs for the coming holiday-shortened week, it tends to be a good one for stock investors. The S&P 500 has risen between Christmas and New Year’s Eve on 73% of occasions in its 94-year history, with a median return of 0.7%, according to Dow Jones Market Data.
That could cut the S&P 500’s 2022 loss, currently at 19.3%. There’s another historical trend in investors’ favor. When the index declines 20% or more in a calendar year, it’s been up two-thirds of the time in the next year, per Dow Jones Market Data. The following 12 months have seen a median gain of 24.3%.
$FDX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FDX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
FDX Price Analysis (Short to Long Trade Idea) 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 to the beginning of November before finally breaking the 164.36 mark to begin the larger gap fill between $164.36 - $201.93. After the breakout, FDX began to consolidate in a rising wedge while partially filling the gap midway before rejecting the weekly 20EMA at 182.40. As of now, FDX has broken below this rising wedge and is retracting to retest lower timeframe supply area to either create a head and shoulders pattern or maybe even a close double bottom (lower higher). Dec 9th, 2022 daily candle attempted to test this area and rejected it while also rejecting the 9EMA on the daily.
Trade Idea:
We are watching for a small move up to retest the supply area, hopefully getting a touch of the support line (short green line) at the rising wedge to show that it has turned resistance (Note: This area of interest is marked by the red circle). This would be ideal because we would get a better entry closer to the stop loss with more confirmation and a better risk/reward. Just in case, watch for a continued move down below $170.08.
We are looking to enter a short term put swing to target to the support area between $161.80 - $164.36 and the intermediate uptrend line (larger green line) for a take profit (NOTE: This take profit area is marked by a yellow circle. After this play, we are watching to see if we can get confirmation for a bounce at this area for a continuation not only to the upside to fill the rest of the gap between $182.40 - $201.93 but to also get a 5th touch of the major downtrend area (large downward slanted red lines). So basically that will possibly be another trade opportunity in the near future.
SN: FDX has earnings on Tuesday, Dec 20th 2022 which would we be key in the watch the reaction at that support zone (green area below rising wedge) and intermediate uptrend (upward slanted green lines). ALSO NOTE, there is a strong resistance/supply area above between $189.30 - $195.33 which is a crash course with the 200MA/EMA on the daily timeframe. This could be where we see price meet supply, the 200MA/EMA, and the major downtrend area (large downward slanted red lines).
FDX FedEx Corporation Options Ahead Of EarningsLooking 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.
FDX daily hammer at support level buying zoneOrder BUY FDX NYSE Stop 155.27 LMT 155.27 will be automatically canceled at 20230401 01:00:00 EST
FDX daily hammer at support level buying zone. Stop loss below local low pivot, take profit into 50% Fibonacci retracement.
$FDX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FDX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 33.33%.
FDX BUY++++ Way oversold!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.
