Fedex is falling with in parallel channel, first it will have to come out side this parallel channel then recovery can be in parallel channel.
It has so many support levels, current support is 246, then 240 $..then 230..then Long term trend line @ 213..
It has so many support levels, current support is 246, then 240 $..then 230..then Long term trend line @ 213..
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It has come out of descending parallel channel. Next T1 259, T2 277 and T3 300
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T1 done..now it should be confused between 20 to 50 days EMA and then once it clears 20 days EMA expect T2 and t3
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get ready for T2..moved out of 259 range..