FedEx (US: FDX) is on track to the upside and based on the report on 30^th of October 2020, we are still on track to the final leg of wave (b):

1. The formation of the pennant indicate the strong continuation upside for Fedex Corp.
2. Prices respected the 50-day moving average for the 2^nd time and the bullish candle on last Friday before it closes for the week is in reaction to the previous day pin bar.
3. Target resistance zone between US$302.20 and US$316.62 is a strong attraction target for wave (b).
4. Fedex is in a strong uptrend as exhibit by trending above 50-day and 200-day moving average.

*Timeline of the trade is 3 weeks from the date issued.