FDX long

FDX looks great for a breakout to the upside it has been in a descending channel
that is close to breaking, I would look for a 4 over 40 moving average cross to confirm
the break the 3 targets would be 200em target 1 , anchored vwap 1 target 2 , anchored vwap target 3. the risk to reward ratio on this trade is not the best but at target 3 it would be a 2:1

I would place stops beneath the low shown by the long positon box.

I would wait for the 4/40 moving average to cross before entering long.