Trade under management, week 13: rejection at the highs
CSX +1.1%: rally cools as RSI hits 72 and price gets firmly rejected at the highs
Trade under management, week 13: rejection at the highs
Our view last week
CSX is in week 12 of a buy trade whose model coverage is now complete: all 3 statistical references have been hit, and the stop now follows the Inversion Point. The trade is running at +15.74% since entry. On the technical side, the week closed with a moderate gain, buying participation back to solid after the prior pullback, though momentum keeps cooling versus early June.
This week's summary
CSX tested a fresh 7-day high but the candle closed with a firm rejection near the 49.7 area: the rally is slowing, up just 1.1% this week versus 4.4% two weeks ago, with the weekly RSI already elevated at 72 and volume contracting. Money flow, though, stays in accumulation. In this week's CSX technical analysis, the residual capital on the trade is running at +17% since entry.
IQS Phase
70
in tension
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#104 / 129
US stocks in progress
Trade P&L %
+16.97%
from signal to today
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