CSX isn't looking too good either.
A bear flag holding onto the 50-day m.a.-Look at recent volume!
Accumulation/Distribution in the daily
3C 60 min with a negative leading divergence in the flag.
5 min negative divergences
Here's the trend channel that held the whole uptrend, currently around the top of the flag at $96.18
I can't say this won't bounce around in the flag a little more, but a limit entry on a break of the flag or phasing into the position might make some sense.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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