Fedex Wave Analysis – 24 August, 2020

• Fedex broke resistance level 210,00

• Likely to rise to 230,00

Fedex recently broke the minor resistance level 210,00 (which stopped the previous short-term impulse wave (i) and 1, as can be seen below).

The breakout of the resistance level 210,00 was preceded by the breakout of the round resistance level 200,00.

Fedex is likely to rise further toward the next resistance level 230,00 (target price for the completion of the two active different-length impulse waves (v)) and C).