FedEx Corporation
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FDX forming a cup pattern

252
This is going to be a relatively risky trade as the only justification for this trade is the forecast on the formation of the cup pattern. What's supporting this pattern is the strengthening of momentum on Daily. The MACD histogram on Weekly is still weak, but also strengthening.

Hence, there's only going to be 1 target for this trade i.e $300

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!
ノート
Looking for this to unfold within a month
ノート
Let's see how far today's gap up will bring us

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