Finally hit target. Inverted hammer. Now let's see.
Updated notes on chart
If NSC opens a bit below 99.80 consider using the Retest Gap strategy. To learn to trade this strategy for free go to www.RealLifeTrading.com
Notes on chart. Looks very much like a Bulkowski "roof" if price does not fine support here at the 50wma, 100ish next.
BTO 4 contr. NSC Feb27'15 150 Put @0.50, Stock @110 Sell @0.55 when Target 109.80 reached
At the top of a channel
NSC GO Decision Area
Strong support, nice gap down that got bought at support.
7 days ago, i posted this stock. as you can see that i keep my speculative price movement
NSC has a strange LS, H, H & RS. Currently price sits on the neckline as a DOJI, i will not surprise if the price spring up to retest the 2013 uptrend line before making a full fledge plunge IMHO.
The poor action recently in the rails could spell trouble for the bulls.
ACC/Dist rising
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Making ATH this month....
Broke a YTD uptrend line
NSC selling off on poor earnings.
