this looks like an important level for an important stock to hold. i’m not adding this as a trade idea at this time but something to keep an eye on as a solid breakdown below this support level would most likely continue to drag the transportation sector lower, reaffirming the current dow theory non-confirmation mentioned in the previous post. if FDX bounces, keep an eye on that downtrend line above. that resistance line along with the support line that FDX sits on appears to be a bearish descending triangle pattern.
