Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Bear Flag On $CSX To Make This Move In Days *PIC*

Prepare for the next move in shares of CSX Corporation (NASDAQ:CSX)...

After dropping off multi-year highs and putting in a bear flag, the stock is on the verge of its next leg down. Expect a sharp, quicker move this time, taking the stock to a target price of $38.00. The stock had gotten to these heights based on rumors and speculation. That is fading and so will the stock price. I am short. Note the chart below...

Stock market bear flag on shares of CSX Corporation