Categories
Transport

FedEx Corporation (FDX) : Gap Up and Break Through Kumo Resistance

FedEx gap up on the opening.

With this, it has break through the resistance level at 74.43 on the Daily Chart ( a level that goes back to last Novemeber).

FedEx_GapUp_AboveKumo

On the Weekly chart, it is even more positive. The level has just help push it out of the kumo resistance. In other words, we have bullish signals on both the Daily and Weekly charts for FedEx (FDX).

FedEx_GapUp_AboveKumo_Weekly