Get started
Freightcar America, Inc.
Long

RAIL consolidation until late october

By akap
  • Strong fundamentals
  • Rail has been moving the day after earnings for the past year, consolidating horizontally thereafter
  • Buy in the purple range, look for 2-3 bounces to the purple range (based on number of bounces to the red range) between now and late October
  • Look for current consolidation pattern to never leave the green-purple range during the bounces (if it does, rethink entry point/idea)
  • Should absolutely not drop below the top red line
Chart PatternsTrend Analysis
akap

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.