CSX trade ideas
Mid term correction on CSXA long term cycle ended. Its correction is in progress. Developing a double combo. First a flat ABC followed by a fast bullish X wave to connect both corrections. All this actually doesn't really matter.
What it does matter, is the second combo. It is a zigzag where we can see a 5 waves bear cycle that should be the A wave. We can expect a B wave with 3 wave that seems to be a bullish zigzag. Right now it looks like 5-c within B about to start.
Target of this last wave (v)-c-B would be around 31.43 (30.5 would be enough too) but this trade will be shorting the C. Thus, this trade will be active on confirmation point breaking the extreme price (iv)-c-B (red line)
Bearish $CSX$CSX has had a significant run here and just broke trendline support.
Looking for a target to at least .50 retracement with this kind of run. There also happens to be previous support in the 46.20-46.50 range.
Will look to take off put debit spread in this area.
CSX , basically an up ward moving stock , to practice charting need to find a better company to trade , so this is new chart for me , to see if i can " get it "
over all , it is going up .
comments appreciated
i start my s/r lines on long time frame then add 5 year lines
then add trend lines to them and add 1 year trend
then the following charts i will add shorter time frame lines
will be adding Fibs as practice as i try to learn fibs
experianced fib persons welcome to help me ..
an elliot wave counter would also be welcome
please do not insult each other ,
but u can insult me as long as u have a chart to show me why !
DOWNTRENDSHORT. OBSERVAMOS UN PATRON DE HOMBRO CABEZA HOMBRO. CON RUPTURA(LINEA VERDE) HACIA LA BAJA COMPROBADO POR MACD
CSX Might have troubles This company reported earnings yesterday and the company met the estimates and today we get a daily hammer, inside month, hammer and up, and outside week. I truly believe that CSX Corp has opportunity to grow this company along with Rails company as long they have coal but, into the Trucking business merger with Swift Transport $swft or Ryder Systems $R or even Landstar Systems $LSTR. CSX Corp $CSX should think about this idea
All board This week I am watching CSX Corporation $CSX This is a another view within the Transports, And this just a rolling hill to the downside. I am also interesting in CSX and Canadian Pacific $CP talk but the stock of CSX hates it. Anyway, Both of these companies has dividends which they are not much as a shareholders. I think it is a buy for the dividend play.
CSX: Time meets priceI rarely witness this much of precision. The market is exactly at the intersection point of the bearish TL and the upsloping ML. We would short it without a second thought, and our S/L base point would be the high of the day.
