Norfolk Southern Corp (NYSE) Analysis, Chart, and Trading Idea

#NSC
 

The stock is traded in the range between 365 and 135 ЕМАs, looking down. The upward wave structure is truncated. There is bearish divergence on the Awesome Oscillator and Stochastic Oscillator.
 

Trading idea:

Sell at the formation of the downtrend wave structure, when the (A) wave breaches the sloping channel of the uptrend truncated structure. Sell strictly below the mirror level of 227.80;

Stop-loss: 229.80;

Target price levels: 225.63; 223.20.