Comments on: FDX Price Target Hit for 9% Gain- The Canary Looks Sick https://rightsideofthechart.com/fdx-price-target-hit-canary-in-coal-mine/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:08 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: shah https://rightsideofthechart.com/fdx-price-target-hit-canary-in-coal-mine/#comment-748 Tue, 15 Dec 2015 14:25:34 +0000 http://rightsideofthechart.com/?p=169175#comment-748 In reply to shah.

@Right Side Of The Chart thanks will keep that in mind

]]> By: rsotc https://rightsideofthechart.com/fdx-price-target-hit-canary-in-coal-mine/#comment-747 Tue, 15 Dec 2015 13:58:58 +0000 http://rightsideofthechart.com/?p=169175#comment-747 @shah – I shut down early yesterday so just reading your question now. With the FOMC announcement almost certain to cause a knee-jerk reaction (or two) in gold & the miners, probably best to just wait until after the dust settle (no pun intended) tomorrow after the 2:00pm ET announcement. I do see that divergence but it would actually look better to me if GDX made one more marginal thrust lower. Doing so would put in a second, higher low on the MACD on the 5-15 minute time frame. There’s a nice gap & horizontal support just below around 13.49 at which I would prefer to see GDX backfill before stepping in.
Yesterday’s sell-off in the miners did a little damage to the charts, clearly taking GDX below that ascending price channel that I recently highlighted on the intraday charts but as long as it remains (on a 60-minute closing basis) above the 13.34ish level (key support) I believe the charts still look constructive. Again, probably best to keep things light or stand aside until the FOMC decision and the volatility that will immediately follow is out of the way.

]]> By: shah https://rightsideofthechart.com/fdx-price-target-hit-canary-in-coal-mine/#comment-746 Mon, 14 Dec 2015 23:10:48 +0000 http://rightsideofthechart.com/?p=169175#comment-746 GDX a good add here with the positive divergence if we don’t gap down too much tomorrow?

http://screencast.com/t/vvZDcoyr1AP

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