CSX breaking out

9 0 0
CSX             broke out of the horizontal channel plus the downward trend line . Even on weekly it broke out of the horizontal trendline . With multiple supports @29.25 price can consolidate here and can start going up. Break out was on increased volume but the price didn't close on the highs which would suggest some supply is coming in as well. RSI is nearly overbought while price is outside of bollinger bands . For the breakout to sustain price has to be above 29.25.
All in all bullish looking chart with some immediate price consolidation or basing possible here. Stop @29.00 gives a good R/R
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out