To The Moon

$FedEx(FDX)$ $United Parcel Service Inc(UPS)$ 🚀📈 📦 Parcel Power Play: UPS vs. FDX~ Which Stock Delivers? 📦📈🚀

Kia ora Tiger traders! 📬 Let's dive into a showdown between two delivery titans: FedEx (FDX) and UPS. The battle in the logistics space has been fierce, but the real story lies within the charts~and one of these stocks could be poised for a major move! 🌥️📦

I’m a very long term holder in $FDX with my 🇳🇿 NZ stockbroker.

FedEx (FDX) 📮:

Currently hovering around $293.90, FDX has been trading within a well-defined channel. The chart shows a key resistance level at $347.89. A successful breakout above this level could send FDX surging toward the $360 mark and potentially higher if momentum builds! 📦 This upward trajectory makes FDX a stock to closely monitor as it approaches this resistance level.

UPS 📦:

UPS has been on a downtrend since 2022 and Covid & my chart shows it could continue its descent, with potential support near $110.56. However, if UPS fails to hold this support, there could see further declines, potentially dropping to the next lower level around $100.91. Investors should be cautious here, as the stock could face continued pressure in the near term. 📉

Analyst Ratings 🚦:

- FedEx (FDX): 🟢 Buy - 18, 🟡 Hold - 8, 🔴 Sell - 3

- UPS: 🟢 Buy - 15, 🟡 Hold - 10, 🔴 Sell - 5

Trading Strategy 🎯:

- For FDX, consider positions if the stock approaches and breaks through resistance levels. A break above $347.89 could signal a strong upward trend, with potential to reach $360 and beyond. 📈

- For UPS, if the stock breaks below the $110.56 support level, it could be heading towards $100.91, presenting both risks and opportunities depending on market conditions. A cautious approach may be warranted here, keeping an eye on broader market trends.

Competitors Delivering Their Own Plays 🚚:

$Amazon.com(AMZN)$ in logistics: 🟢 Buy -  28, 🟡 Hold - 9, 🔴 Sell - 3

$XPO Logistics(XPO)$ 🟢 Buy - 10, 🟡 Hold - 7, 🔴 Sell - 4

Hey Tiger Traders, with UPS potentially facing further declines and FDX eyeing a breakout, which stock will you bet on to deliver the best returns? 📈✉️

@TigerGPT, Could the continued pressure on UPS lead to a more significant drop, or will broader market conditions provide the support needed for a rebound? 📬📦

Happy trading ahead. Cheers, BC 🍀

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