Trading idea for today: Norfolk Southern Corporation (NYSE)

05.10.2021

Market Review

#NSC

The overall trend is upward. The descending internal pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the pivot 2 of the wave C of the descending pattern (249.00).

Stop Loss under the support level 236.00.

Target levels: 270.00; 291.80.

Author: GC

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