Sunday, August 16, 2020

US Stock - Fedex (FDX)

We have commented on stock Fedex (FDX) a number of times on this blog before as cycles control its price movement very accurately. As captured in below cycle chart (and mentioned before on this blog), we were bearish and short FDX from Jan' 2018 till end of March' 2020 when its monthly cycles bottomed and have been positively long since then.

 

Fedex Monthly Cycles - 08/16/2020