Saturday, April 2, 2011
FDX Missed Opertunity
Well here is one I missed FDX just completed a beautiful Inverse Head and Shoulders. On Mar 24th it broke its neck line (pink dotted line) and confirmed the break the next day. My calculations had a target of 96 which was hit on Fri plus it hit a count system I use too. Now where we go from here. I love Fridays candle beautiful shooting star just as we completed the inverse head and shoulder. I think the next move is down because of this candle appearing after a good rally. Come Monday I will be watching this stock and may buy a May 90 put but will wait to see the price action.
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