docholliday

FDX - CounterTrend Play

Long
NYSE:FDX   FedEx Corporation
This seems to be an important area for this one. Downtrend in play, however we are in a zone that can bounce with easy stop location for good R:R - take into account this is counter trend on D / 4h .. so easy play - either we stop out or we bounce to TL - at which time take some off or get to BreakEven Point and hold for the break up to the "zone" above.. Big time of year for shipping.. so maybe we get that bounce. Happy trading!..
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