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TECHNICAL ANALYSIS  |  December 27, 2018
Finding Tops
So Federal Express (FDX) announced its third quarter earnings on Tuesday, December 18, 2018 after market close and its shares tanked. Many reasons were given for this; some said it was because the company had announced weakness in its international business, or that it reduced its earnings guidance for 2019, or that it was a result of bad political decisions around the world impacting its bottom line. The technician knows that the reasons or the why's do not matter, because everything is in the charts.
by Stella Osoba, CMT

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