CSX: another rejection near highs, earnings just ahead
CSX gains 2.7% yet gets rejected again near the highs, earnings just ahead
CSX: another rejection near highs, earnings just ahead
Our view last week
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.
This week's summary
CSX pushed once more toward a fresh high, testing the 51.3 area, only to close the week with another firm rejection, right against the daily upper Bollinger Band. Money flow, though, keeps accelerating into accumulation, and CSX's earnings land this very week. In this week's CSX technical analysis, the trade keeps running north of 20% since entry.
IQS Phase
68
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#98 / 112
US stocks in progress
Trade P&L %
+20.15%
from signal to today
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