CSX Bottoming FormationCSX is in a bottoming formation with higher lows but consistent highs within the bottoming action. The candlesticks are now in a common compression mode with moderate volume supporting upside action.
Compressionmode
ADSK Compression at New HighADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
KLAC in CompressionKLAC is in a compression mode after a strong run upward to a new high. The stock is showing some minor Dark Pool Quiet Rotation™ at this price level, but for now the stock is holding the gains.
Hasbro Gap HeldHAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
