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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?


To: Clam digger who wrote (567)2/25/2021 1:24:22 PM
From: Clam digger  Respond to of 4394
 
Maybe the relationship with bonds is most significant?



To: Clam digger who wrote (567)2/25/2021 1:34:09 PM
From: Bull RidaH  Respond to of 4394
 
FDX - Hi CD and welcome to the thread!! This one scores a perfect 100 on the unpredictability meter. You could make a case for it descending in the megaphone for a 5th touch by reaching the lower line again around 70.... or alternately, with its status as a chief beneficiary of the COVID economy, where no one leaves their dwelling, the stock could about-face and break out through the upward megaphone line, achieving the target of an upside megaphone breakout AND a Quad Fork target SIMULTANEOUSLY at 526. I suspect it will head north, but I'll filter that hunch with a coin flip to be sure. June calls at the 400 strike price could pay handsomely if that scenario unfolds, as would June 100 puts if the alternative materializes.