FDX was oversold not long ago and it's still under its Fair Value.
I expect the shipping companies to make bank this holiday's quarter., especially after raising shipping prices. Black Friday and Christmas are going to ramp up the e-commerce once again.
However, I'll be patiently waiting to enter around the 227-226 (~0.618 fib) level and go long and enjoy the ride all the way to 252. Timeframe to take profit, maybe around February-March and if things go south (because we never know) my stop loss will be triggered right below 215.
This is not financial advise, always trade at your own risk and remember to manage it well.
I expect the shipping companies to make bank this holiday's quarter., especially after raising shipping prices. Black Friday and Christmas are going to ramp up the e-commerce once again.
However, I'll be patiently waiting to enter around the 227-226 (~0.618 fib) level and go long and enjoy the ride all the way to 252. Timeframe to take profit, maybe around February-March and if things go south (because we never know) my stop loss will be triggered right below 215.
This is not financial advise, always trade at your own risk and remember to manage it well.