20.09.2016 - Quotes of FedEx can leave the triangle

Price of FedEx corrected downwards and reached the inclined support line and an important level of 157.70. Recently quotes rebounded upwards and probably will reach the upper boundary of the triangle at 169.10. Fixing above this level will be the basis for continued growth of quotations with the objectives at 180,00 and 185,00. On the other hand, fixing below 157.70, will confirm a sell signal with the objectives at 150.00, 140.20 and 122.80. Our medium-term outlook remains positive, but we can see a decrease in the near future.

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