A key Bullish Flag has formed on FDX. Analyze the breakout level now.
Bullish continuation if preceding move was up.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation pattern.
A clear signal has emerged for FedEx (FDX) on the daily chart. With a last close of $326.2, volatility remains active (0.08%). 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 $345.37, targeting $415.76 with support near $318.96 (R:R 2.67).
What is your outlook on FDX?