NSC stock price has been repeating the same bullish pattern since 2018 on the weekly chartStock is forming bullish flags for around 2 quarters (tends to under-perform the sector and the market) and then is breaking out higher (catching up with the market)
The stock has declined 3.9% over the past three months, while the Dow Jones Transportation Average has slipped 1.0% and the Dow Jones Industrial Average has eased 2.1%.
Since the summer we see the pattern emerging again and we can notice that the price is now in breakout mode
As highlighted on the chart the trigger has been the MACD cross-over each time in the past
Measured target is around 219.95
Good luck,
TA
Trade closed: target reached
Target reached,Congrats longs
TA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.