So the inherent issue with this statement is that it hasn't broken through the 1.62 resistance, twice it checked supply and was immediately sold back down. As it stands CSX looks to be opening at 1.605. Potentially to check 1.62 and stay relatively flat today swinging between 1.60 and 1.62.
There was negligible volume over the 1.62 mark, it is most certainly not a support level. Maybe they teach that after "charting 101"
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