Ticker: $CSX Notes: We have a possible entry opportunity with a pretty clean window above which may provide some nice action in this! Check it out and let me know thoughts! xeenos trading - sending positive energy to all those watching
Currently in the bump section of the bump and run, expect a run back down to the trend. Included 0.5 fib level as possible support.
Potential buy opportunity. Price dropped & hit the 9 day moving average & reversed. Flat 26 moving day average & lagging span indicating a breakout. Large gap between 26 MA & 9 MA indicating MA disequilibrium Thick lChimoku cloud indicating high buying volume. lChimoku cloud momentum indicating an uptrend. Price above lChimoku cloud.
CSX is in a bottoming formation with higher lows but consistent highs within the bottoming action. The candlesticks are now in a common compression mode with moderate volume supporting upside action.
No technicals bullshit here, purely fundamental driven. Micro PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble. Macro Railroad data weaker YoY - Bearish - www.aar.org Earnings Growth Positive - Bullish - But how...
CSX Railroad is garbage until it bottoms in mid 2021
Please accep my appologies, i have been travellinmg and out of the financial markets, but today i am starting to work again and i will post 1 idea every day that the market is open. My favorite stock for today is NASDAQ:CSX , as you can see its gapping down on earnings, we are below of mosts Moving Averages, and i think that if we break 72.30, the 20 EMA on the...
Why CSX had high probability of failure. 34 SMA under 500 Hull
Shorted CSX a week ago... Nailed it.
CSX worth 204 Month SMA or $24.00 a share (60% Loss Possible)
CSX Corporation completed its intermediate-term bottom with a gap up to a new consolidation price level. The stock has not filled this smaller gap at this time.
The price is under 30MM and the RSI is going down. If the price break the support, it'll be in phase 4.
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EARNINGS GE announces earnings on 10/20 (Friday) before market open. With a background implied volatility in high 20's (28% as of Friday close), it isn't particularly high from a premium selling standpoint, but I could see this as a potential acquisition opportunity via a November 17th 22 short put (paying .32 at the mid), in spite of the fact that the...