[50] BLK, DD, FDX
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Here’s the newsletter for today:
BlackRock, Inc. (NYSE: BLK)
BLK closed at 1,070.34 last year. This year, it's been struggling to turn this level into support.
BLK has been consolidating below the red resistance trendline, as seen on the daily chart. It closed below 1,070.34 once more following this week's trading session.
If BLK reclaims 1,070.34, then it can attempt another trendline retest. A breakout above this trendline should see continuation into the 1.618 Fib level at 1,374.35 over time.
Otherwise, if BLK is unable to reclaim 1,070.34 next week, it could retreat back into the blue support trendline. Below this trend, it could push back into the 973.16, which is the 2021 prior ATH and subsequently the 916-919 higher timeframe support.
DuPont de Nemours, Inc. (NYSE: DD)
DD has been unable to hold above its 2017 candle close of 42.39... until this year. Price is currently consolidating between the Feb-Mar range of 45.80-50.04.
In the short term, DD is consolidating in the red descending channel off 50.04 resistance. If DD breaks above channel resistance, then it can push towards 50.04 once more, and subsequently the still-untested 1.618 Fib sitting at 53.45.
Otherwise, if DD continues to reject at channel resistance, it could retest 45.80, or as far as channel support once more.
Channel breakdown / breakout should be the most important triggers for what happens next.
FedEx Corporation (NYSE: FDX)
FDX was struggling to close the year above the 200.94 (2017 candle close) - 209.06 (2020 candle close) until 2024 onwards. This year, FDX has seen significant price appreciation into the 1.618 Fib at 340.93.
The lower timeframes show FDX trading in the green ascending channel into the 1.618 Fib. Currently, FDX is holding the middle of the channel.
If FDX breaks below this point, it likely heads back into the February close at 311.63, with a breakdown seeing further downside into the 259.89-274.79 monthly IB.
If FDX holds, it could attempt to retest 340.93 once more. Either ways, this level needs to turn into support for continued upside.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$BlackRock(BLK)$ $DuPont de Nemours Inc(DD)$ $FedEx(FDX)$ $Apple(AAPL)$ $SpaceX(SPCX)$
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