MOS
MOS Bargin PriceBuy the reversal back to the trading range,
if strong follow-through continues,
then we want to see the break of range and pullback to range high,
then high potential for trend continuation.
Mosaic showing early signs of base completionAs an extension to our recent post on the US Materials Sector, we have identified 8 US stocks which we think could strengthen in the coming months. Of particular interest is Mosaic (MOS):
Mosaic is showing signs of base completion, as prices pressure the USD31.10 range highs. Improving studies anticipate a break towards the USD34.15 retracement, with scope for extension to the USD36.95 high of November 2015. Congestion around USD25.00 should underpin any immediate setbacks as investors adopt a buy-into-weakness strategy.
AcquiringReverse Head and shoulders w lo volume handle. Also the right shoulder is also a Cup n Handle itself.
DBA weekly : have some patience...DBA had a retrace after breaking out of this declining wedge. I am now watching price behaviour around this base area and setting some alerts ( 21.00USD ). If the macro assessment is correct we should see Agrobusiness follow the pro-inflation-fear environment, which means that precious metals, commodities and Agrobusiness should provide considerabel gains in to 2017 and 2018. Long-term appreciation expected. However one has to have enormous patience. Once the big players catch up on this ( they did already in Gold and Silver ) we should be well positioned.
MOS - weekly chart looks good.There is still a resistance band between 29.72 and 31.16, but I think it could break higher. Cautious investors wait for confirmation ( e.g. breakout and retest ).
AGU ( AGRIUM ) - weekly chart promising.AGU looks even a bit better than MOS. Price has found support at the 92.00USD area and shows continuing demand. Long-term bullish and a good alternative to the crowded Gold bug stocks :-)
Break out on WeeklyBroke out of Descending triangle. News of Potash is the fuel for shorts to cover. Watch this strong recovery.
Wedge broke outLast weekly wedge it broke out of, just like this one, went up 120% in 5 months. People gotta eat!
Reversal Coming IMORetook monthly wedge. Indicators flattening. 3 black crows are extended. I see reversal to upside.
