Uptrend
After some weeks correction, It has passed of a S/R price level and after confirming above this level, I entered to it and probably i'm gonna add more. Totally it has a good bullish trend and i think it will have good targets.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Norfolk Southern (NYSE: NYSE:NSC ) finds itself at the center of a corporate upheaval as an Ancora Holdings-led investor group has taken a significant $1 billion stake in the company. The move, aimed at restructuring the railroad operator, includes a bold attempt to unseat CEO Alan Shaw. The activist investor group, armed with a majority slate of directors, is...
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners,...
Life imitates art as Norfolk's 150 car train derails in Ohio last week in a calamity worse that Netflix's "White Noise". Check Twitter and YouTube as the major media conglomerate, big stakeholders, are keeping quiet.
2 counts for this US listed company that only differ slightly and both suggest that a much deeper correction lies ahead for this company at some stage.
Neutral until broken with trend in that direction.
Horizontal trading ranges also know as a consolidation zone.
I am pretty sure this is the company who had a derailment in Ohio. Fish and animals are dying in unusual amounts in the area after a mushroom cloud of chemical debris was released in to the atmosphere in the surrounding area. The EPA says all is well...
The PEAD projected a Bullish outlook for $NSC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
The PEAD projected a Bullish outlook for $NSC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
Norfolk Southern Corp. operates more than 19,000 miles of rail road in the U.S. With a #2 ranking in the IBD Group Leadership and a RS line rating of 84, NSC is close of making an ATH. This is a sign of very good technicals.
On the fundamental side, it had a revenues increas of 15% to $8.29B for the nine months ended 30 September 2021. Also, for the last 3...
$NSC put in another minor contraction last week and making its way back to supply line.
On deck for this week and watching how it setup under there.
Transportation stocks setting up like they want to lead the early part of 2022.
$NSC tightening up with a 7 month long base. Pocket Pivots starting to show up on the right side of the base but volume pattern still looks a bit lacking.
Would like to see it tighten up a bit more right below that pivot area (orange bars)
$NSC HTF IBO Long
Monthly - Nothing
Weekly - Support /50 ema /Decel
Daily - Support /Decel / Triple bottom /MACD / IBO Break and restest / Fib 0.5 /Emas /Doji
LTF - Good to go
Cons - Monthly is a shallow pullback
RR - 3 (back to weekly highs)
Entry - Break out of 15 min symmetrical triangle & close above 1HR 50 ema
NSC - Ascending triangle, Rail sector news. Canadian Pacific Railway (CP) To Buy Kansas City Southern (KSU) In US$29 Bln Deal. NSC is forming an Ascending triangle on daily TF. There will only be 5 rail stocks left with a positive ROI, based on Finviz.com screener.
