Fedex Wave Analysis 20 October, 2020

• Fedex rising inside impulse wave (iii)

• Likely to reach 300.00

Fedex continues to rise inside the short-term impulse wave (iii), which belongs to the impulse wave 3 of the extended, multi-month upward impulse sequence C from July.

The price is currently rising inside the narrow accelerated up channel from September – indicating the strengthening of the bullish pressure on Fedex.

Fedex is likely to rise further toward the next round resistance level 300.00 (projected price for the completion of the active impulse wave (iii)).