A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
NSC is showing interesting structural developments at $300.08. The stock is trading at $300.08, down 0.15% on the day. The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $297.45, targeting $249.98 with support near $315.96 (R:R 2.56).
What is your outlook on NSC?