FDX

Posted this chart back on March 9th. Bear flagging right into previous support now after completing a head & shoulders. Weekly 200 sma acted as resistance back at the beginning of 2016 but turned to resistance at the end of 2019. Price tested the 20 & 50 weekly smas multiple times but couldn't get through & buyers eventually gave up. As long as price remains below $123, I think we see $70. Good low risk entry here.