1. Lower trend line holds and we might rally into the close.
2. Lower trend line is broken and we could be headed 63.90, I plan to exit shorts from there.
On the other hand, we gap up...I am planning to enter short position at 79.80.
Thursday, December 4, 2008
FDX (05 Dec 2008)
FDX is trading inside a rising wedge, if we gap down tomorrow I foresee 2 scenarios:
1. Lower trend line holds and we might rally into the close.
2. Lower trend line is broken and we could be headed 63.90, I plan to exit shorts from there.
On the other hand, we gap up...I am planning to enter short position at 79.80.
1. Lower trend line holds and we might rally into the close.
2. Lower trend line is broken and we could be headed 63.90, I plan to exit shorts from there.
On the other hand, we gap up...I am planning to enter short position at 79.80.
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