Reasons for bullish bias:
- Price is at weekly support
- Safe entry at LH breakout(DOW)
- Price respecting strong trendline
- Bullish divergence
- 0.618 Fib level
- Positive Earnings
Here are the recommended trading levels:
Entry Level(Buy Stop): 34.93
Stop Loss Level: 32.80
Take Profit Level 1: 36.93
Take Profit Level 2: 38.26
Take Profit Level 3: Open
Hey guys, just like yesterday with NYSE:ALK on my previous post, this is a great setup that might take off once the market opens. But you might also have a chance to catch this bullish move.
Currently, there is a clear impulse with a healthy correction shaped like a flag to the 50% retracement level. There also is a lower degree impulse with a correction that...
Hey guys, #CSX has completed a bullish pattern for upside.
On the lower degree, it has also created a bullish trend continuation confirmation.
Take profits at target levels and obey your trading rules!
According to the Butterfly pattern, the decline at the target of $ 22 perfectly converges. This should happen within a year, there will be a great point for going to long.
Analyzing the options chain and the chart patterns of CSX Corporation prior to the earnings report this week,
I would consider purchasing the 32.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead.
Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years.
Combining the "large-time-frame"...
The PEAD projected a bullish outlook for NASDAQ:CSX after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
A price action below 33.50 supports a bearish trend direction.
Crossing below 33.00 will further confirm the bearish setup.
The target price is set at 32.00.
The stop-loss price is set at 34.50.
Start of downside potential applicable.
A bearish crossover also confirms a change in trend direction.
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is...
CSX Buys Norfolk in a Merger. Wait For it! Boom
Let`s keep this under our hats. Only you and I know this right now. We will be discussing more future trends soon. Happy Trading.
Can't help but put this one. Going down
Temporarily to target area gold line.
This bank crash thing has the market spooked.
Be aware that tickers this week may move
Counter to what is normal. Silicon Valley.
CSX appeared to close strong into the close but in reality, it closed under resistance and someone recognized how cheap the option is for a pullback and went long puts at a decent size. You see can from the strike history image I posted in the chart that the 11/18 30.50 put strike has been relatively quiet until today. 30.50 CSX puts could be a banger play for tomorrow!
The PEAD projected a Bullish outlook for $CSX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
