FedEx looking for a psychological support.

6 thg 2, 2023

FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73)

Traded to the highest level in 22 weeks.
Trading close to the psychological 200 level.
Levels below 200 continue to attract buyers.
We are trading at overbought extremes.
A lower correction is expected.
The sequence for trading is higher highs and lows.

Our profit targets will be 225.48 and 229.48

Resistance: 217.39 / 225.00 / 230.00
Support: 209.19 / 200.00 / 192.81

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