Fedex - Looking for a long term buy

FDX is looking at a potential resumption of upside after strong buying pressure was seen at the 247.22 key support region—furthermore, the downside from 291.54 was a mere correction, we think it's likely to be a correction as no strong bearish pressure was seen. The bullish engulfing candle was seen on Monday with mid-term stochastic showing potential oversold crossover. Buy at the spot or at a lower support of 233.63