A key Bullish Flag has formed on FDX. Analyze the breakout level now.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Technical analysis of FedEx (FDX) reveals a significant setup. The stock is trading at $370.14, down 0.47% on the day. Price action has carved out a classic Bullish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $380.14, targeting $473.37 with support near $354.86 (R:R 3.69).
What is your outlook on FDX?