$FDX Ascending Triangle - Bullish Options Activity$FDX Ascending Triangle - Bullish Options Activity
Monitoring for strong move through $184.00 resistance
Bullish options activity just before the close - 1k March 22nd 180.00 strike calls traded for $600k in premium
Note: Informational analysis, not investment advice.
FDXD trade ideas
FDX recent drops may be an opportunity to get a small gain Recent drop due to bad news about AMZN may be temporary only. Currently FDX is hovering around the bottom of its ascending channel. If the hourly price close above 178.80, it may be an opportunity to get back in for a ride at least to 189.50. stop loss is 173.
FDX approaching resistance, potential drop! FDX is approaching our first resistance at 183.51 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 155.48 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
FDX Gap ResistanceBuying some puts here at gap resistance, it will be a short term trade (1 - 3 days).
With the market melting up and people putting money back into their 401k, I'm not taking any big short positions for a while. Looks at all the companies that reported crap earnings.... right back to where they were pre-earnings as if China is their main problem...
This is not a sure bet by any means until the market stops melting up.
FDX Approaching Resistance, Potential Drop!FDX is approaching our first resistance at 183.27 (horizontal overlap resistance, 100% fibonacci extension, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 147.90 (horizontal swing low support, 78.6% fiboancci retracement).
RSI (55) is also approaching resistance where we might see a corresponding drop in price.
FDX Approaching Support, Potential Bounce!FDX is approaching support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 208.33 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 3.27% where a corresponding bounce could occur.
FDX Approaching Support, Potential Bounce!FDX is approaching its support at 183.24 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 208.33 (50% Fiboncci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
FDX Testing Support, Potential Bounce!FDX is testing its support at 200.88 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 229.57 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.