The daily chart shows 200 moving average resistance:
The intraday charts show almost simultaneous sell signals. Even if you miss the earliest signal on the 30-minute chart, the daily chart MACD sell signal still gave an easy $4 move to the downside!
Saturday, June 27, 2009
Perfect Covered Call Entry on FedEx (FDX)
There was a perfect entry for selling covered calls on FDX last month when the stock hit its 200 moving average on the daily chart. The intraday time frames gave the first signals, with the 30-minute, hourly, and 2-hour charts giving sell signals within the same 24-hour time period.
The daily chart shows 200 moving average resistance:
The intraday charts show almost simultaneous sell signals. Even if you miss the earliest signal on the 30-minute chart, the daily chart MACD sell signal still gave an easy $4 move to the downside!
The daily chart shows 200 moving average resistance:
The intraday charts show almost simultaneous sell signals. Even if you miss the earliest signal on the 30-minute chart, the daily chart MACD sell signal still gave an easy $4 move to the downside!
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