FedEx Trading Analysis (13/09/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 EMAs. The downward truncated wave structure has finished. There is bullish divergence on the Awesome Oscillator. The breach of 288.34 will start the formation of the ascending wave structure.
Trading idea:
- Buy at the breach of 288.34.
- Stop-loss at 277.50.
- Price targets at 299.00 and 305.00.
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