MOS Weekly TA Neutral BullishMOSUSD Weekly neutral with a bullish bias. Recommended ratio: 55% MOS, 45% Cash . *Fertilizer and grain prices are going down as supply chains ease due to a deal between Russia, Belarus and Ukraine that allows sanctions on fertilizer exports from Belarus and Russia to be lifted in exchange for Russia allowing Ukraine to resume grain exports from the Black Sea through Turkey. However, this could be short-lived considering: a) it's a deal with Russia who literally bombed a port in Odessa the day after signing the deal and b) that the world's second largest producer of fertilizer behind Russia (China) is likely to continue suspending exports of phosphates for the rest of 2022 . Although Mosaic's earnings and revenue were both up on the quarter they missed consensus estimates, while competitor Nutrien beat both estimates and had record earnings in the previous quarter; however, Mosaic expects revenue to continue to be strong for the remainder of 2022.* Price is currently trending up at $52.50 after breaking above the descending trendline from 04/18/22, it also broke above the 50 MA and $49 resistance and will need to close above it this week in order to reestablish support. Volume has been shrinking for the previous seven sessions (indicative of a potential pending breakout/breakdown) and is currently on track to favor buyers for five consecutive sessions if it can close this week in the green. Parabolic SAR flips bullish at $74.55, this margin is bullish at the moment. RSI is currently trending sideways at 50 after bouncing off the uptrend line from September 2015 at 40 support; the next resistance is at 53. Stochastic remains bullish and is currently trending up at 39 as it is still technically testing 29 resistance. MACD remains bearish and is currently trending sideways at -0.50 as it continues to form a trough, in order for a bullish crossover it would have to break above 1.10; the next resistance is 1.75. ADX is currently trending down slightly at 23 as Price is attempting to reverse the downtrend, this is neutral at the moment. If Price is able to establish support at $50 then the next likely target is a test of $56 resistance . However, if Price breaks down back below $50 support , it will likely retest the uptrend line from March 2020 at ~$45 . Mental Stop Loss: (one close below) $50 .
Phosphates
MOS/USD Daily TA Cautiously BearishMOS/USD Daily cautiously bearish. *USD bouncing back today as equity markets plunge lower.* Recommended ratio: 25% MOS, 75% cash. Price is currently trending down at $58 and is still technically testing the uptrend line from 01/24/22 at $59.50. Volume remains moderate and fairly balanced between buyer and sellers over the past nine sessions; though premature, this is indicative of consolidation. Parabolic SAR flips bullish at $66.33 (coincides with the 50 MA). RSI is currently trending down and testing 40.33 support. Stochastic remains bearish and is currently trending down at 53.04; the next support is at 39.11. MACD remains bearish after being denied a bullish crossover at -1.32 and is currently trending down at -1.73; the next support is at -0.94. ADX is currently trending sideways at 18.54 as Price is defending a critical support at the uptrend line from 01/24/22; if ADX starts trending back up as Price falls, this would be bearish. If Price continues to fall here and therefore breaks out of the uptrend line from 01/24/22, then the next likely target is a retest of $55.79 minor support. However, if Price is able to bounce here then it will likely retest $64.22 resistance. Mental Stop Loss: (two consecutive closes above) $60.
MOS/USD Daily TA Neutral BearishMOS/USD Daily neutral with a bearish bias. *Critical Resistance watch* . Recommended ratio: 45% MOSAIC, 55% cash. Commodities have fallen with the broader market but can benefit from more supply chain woes. Price is currently trending up at $62.32 after bouncing off the uptrend line from 01/24/22 (~$57.50) and is approaching a test of $64.22 resistance. Interest has waned but Volume remains moderately high and fairly mixed between buyers and sellers. Parabolic SAR flips bullish at $67.50, this margin is neutral at the moment. RSI is currently trending up at 46.40 after reclaiming 40.33 support; the next resistance is at 58.12. Stochastic remains bullish and is currently trending up at 51 but is still technically testing 39.11 resistance; if it can flip 39.11 resistance to support, the next resistance is at 80.49. MACD is currently trending sideways at -1.91 as it attempts to form a bullish crossover (would need to break out above -0.94 resistance to do this); the next support is at -2.52. ADX is currently trending down at 23 as Price is defending support at the uptrend line from 01/24/22, this is mildly bearish. If Price is able to break out above $64.22 resistance, it will likely test the 50 MA at $65.50. However, if Price is rejected here or at $64.22, then the next likely target is a retest of the uptrend line from 01/24/22 at ~$57.50 before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $65.50.
asx.ftz Fertoz chart cf statutory accounts. still making a loss.just some brief notes from the 'Full Year Statutory Accounts' as announce 31/03/2022
p8 - table of sales, EBITDA, EBIT, P&L after tax show sales is up 2.24 vs 2.035 (2021 vs 2020)
BUT EBITDA, EBIT, P&L after tax are all down.
p9
Basic earnings per share (cents per share) (1.03) (1.01) (2021 vs 2020)
p17
Total comprehensive income for the year (3,334,290) (2,076,397) (2021 vs 2020)
Basic loss per share (cents) 27 (1.94) (1.01) (2021 vs 2020)