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Non-Tech : Kirk's Market Thoughts
COHR 210.87-8.0%Feb 4 3:59 PM EST
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To: #Breeze who wrote (16138)12/20/2023 10:19:31 AM
From: Kirk ©  Read Replies (1) of 27241
 
Good morning. Do you have an update on FDX?
Message #16138 from #Breeze at 6/15/2023 9:28:28 AM

FDX Wave Count Update. Breeze
Cramer sounded positive on FDX despite missing revenue and EPS and lowering guidance. That is a big red flag.

To me, it looks like it invalidated an iH&S "continuation" pattern, (270is neckline) but it is only testing its 50 DMA and might need to tap out at or below the 200 to finish the correction.

It is usually a bird in a coal mine so worth watching... plus I own it from the 1990s. Given so many other stocks have similar necklines in play.... very much worth watching.

TIA

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